Sapphire Energy, which says it’s producing the chemical equivalent of gasoline from algae, has come out of stealth mode, announcing that it raised $50 million from ARCH Venture Partners, Venrock, and the Wellcome Trust.
The title might sound impossible, but Sapphire Energy, a California-based company, has been working away to create actual gasoline from a renewable, carbon neutral source: algae. While we’ve heard of many different processes for making fuels from algae, this one certainly tops the list.
Sapphire Energy says it has successfully turned algae into biofuel, raising hopes that a viable oil alternative could be produced without need for agricultural land.
Sapphire Energy says renewable technology is not just for alternative fuels. The San Diego-based company says it can produce gasoline from sunlight, CO2 and microorganisms, such as algae.
Another algal biofuel company has emerged from stealth mode, and this one has the biggest story yet, at least according to the estimation of its investors.
A San Diego company said Wednesday that it could turn algae into oil, producing a green-colored crude yielding ultra-clean versions of gasoline and diesel without the downsides of biofuel production.
San Diego-based startup Sapphire Energy said yesterday that it has squeezed ASTM-certifiable 91 octane gasoline — the premium stuff at the pump — from algae. That is to say, high-octane gasoline from pond scum.
Sapphire Energy has come out stealth mode, saying it’s producing the chemical equivalent of gasoline from algae.
Sustainable biofuels producer Sapphire Energy has announced the production of a renewable 91-octane gasoline made from a process that produces crude oil directly from sunlight, CO2 and photosynthetic micro-organisms, beginning with algae.
Start-up Sapphire Energy is promising an innovation that sounds as miraculous as a water-to-wine transformation.