SAN DIEGO, January 27, 2015 – Sapphire Energy, Inc., one of the world’s largest producers of renewable solutions from algae, today announced that Dr. Jim Astwood has joined the company as senior vice president of product management. In this role, he will lead several of Sapphire’s expanded business development efforts, with a near-term focus on applying its renewable algae-based technology to address a growing need for reliable sources of human nutraceuticals, animal/aquaculture feed, and more.
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.
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.
SAN DIEGO, CA – February 25, 2014 – As California battles the worst drought in centuries, more than a dozen major California-based businesses, including Apple, SolarCity, San Diego International Airport, Sungevity, and Sapphire Energy today signed the Climate Declaration, a business leader call to action that urges federal and state policymakers to seize the economic opportunity of addressing climate change. The announcement was made at the U.S. Climate Leadership Conference today at the Hyatt Regency Mission Bay.
SAN DIEGO, Dec. 10, 2013 – Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, and Phillips 66 (NYSE: PSX), an integrated energy manufacturing and logistics company, announced a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. The companies will work together to collect and analyze data from co-processing of algae and conventional crude oil into fuels. The goal is to complete fuel certifications to ready Sapphire Energy’s renewable crude oil, called Green Crude, for wide-scale oil refining.
SAN DIEGO, Nov. 15, 2013 – Today’s announcement by the EPA to reduce the Renewable Volume Obligations (RVO) for advanced biofuels in the Renewable Fuel Standard (RFS) by 1 billion gallons jeopardizes the United States’ ability to lead the world in advanced biofuel production. Advanced biofuels like drop-in gasoline, diesel, and jet fuel refined from Sapphire Energy’s Green Crude oil have none of the undesirable tradeoffs of first generation ethanol. These fuels are not dependent on food crops or valuable farmland; do not use potable water; do not result in biodiesel or ethanol and are completely compatible with current oil & gas infrastructure. Additionally, our company recently contributed real-world data from our facilities in New Mexico to a peer-reviewed study that determined the pathway and methods utilized by Sapphire Energy has an estimated 68% reduction in overall GHG emissions on a lifecycle basis, and is approaching the EROI of marginal sources of crude oil at commercial scale production.