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Sapphire Energy selected as an EcoPartner with Sinopec

In his remarks at the signing ceremony, U.S. Secretary of State John Kerry noted that “tackling climate change and leading the way to a clean energy future can be a ‘win, win, win’—a win for America, a win for China, and a win for the world.”

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As Biofuels Lose Some Luster, Sapphire Goes Long with Sinopec Deal

 In a ceremony held Thursday in Beijing, San Diego’s Sapphire Energy and Sinopec, China’s state-owned oil and gas conglomerate, agreed to work together to develop and produce algae-based biofuels in China.

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SAPPHIRE ENERGY ANNOUNCES NEW CEO JAMES LEVINE

 SAN DIEGO, July 28, 2014 – Sapphire Energy, Inc., a global leader of algae cultivation technologies, today announced the appointment of biotechnology veteran James Levine as president, CEO and member of the board of directors. Levine replaces Cynthia ‘CJ’ Warner, who is stepping down from her post effective immediately. She will remain chairman of the company’s board of directors.

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STATEMENT BY SAPPHIRE ENERGY CEO, CYNTHIA ‘CJ’ WARNER, REGARDING THE COMPANY’S SELECTION AS AN ECOPARTNER WITH OIL GIANT SINOPEC

BEIJING, CHINA, July 10, 2014 – “Sapphire Energy is very pleased to learn that our company’s and Sinopec's algae-derived renewable crude oil project has been selected for the U.S.-China EcoPartnerships program, announced today in Beijing, China, by the U.S. Secretary of State and the People’s Republic of China State Councilor. This collaboration between our two companies exemplifies the mutual goal of producing cleaner energy solutions for the U.S. and China. Together, we will demonstrate that crude oil from algae can be produced with favorable economics; that it can be integrated into existing fuels distribution networks; and that it will deliver substantial advantages for the reduction of CO2 emissions in both nations.

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