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SAPPHIRE ENERGY ANNOUNCES CEO TRANSITION

 San Diego, CA (April 19, 2012)Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced Jason Pyle will step down as chief executive officer effective today.  He will remain a member of the Sapphire Energy board of directors.  Dr. Pyle, a respected bioengineer and entrepreneur, co-founded the company in 2007 and has been instrumental in building it into a leading force in algae-to-fuel production.  Cynthia “C.J.” Warner, who has co-led the company since 2009 as president and chairman, has been named CEO, consolidating the leadership roles.  

SAPPHIRE ENERGY ANNOUNCES $144 MILLION SERIES C FUNDING

 

San Diego, CA (April 2, 2012) – Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced it has secured the final tranche of a $144 million Series C investment funding. The Series C backers include Arrowpoint Partners, Monsanto, and other undisclosed investors.  All major Series B investors have participated. With this investment round, Sapphire Energy’s total funding from private and public sources substantially exceeds $300 million.
 

 


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Excellent adventure on algae-fueled motorcycle

 SAN DIEGO (CBS 8) - Two local researchers are on the adventure of a lifetime, and they're only in their mid-twenties.

News 8's Shawn Styles files this video report on how they recently set a land speed record on a diesel motorcycle, powered by algae fuel.

Sapphire Energy biofuel in motion

Operations should begin at the Sapphire Energy biofuel facility in June, the vice president of corporate affairs reports.
Tim Zenk, of San Diego-based Sapphire Energy, said the first phase of construction, which will lead to the beginning of operations, will be finished the middle to end of June. At that point, the pond systems used to grow algae for biofuel crude will be filled.