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.
SAN DIEGO, Sept. 19, 2013 – Today the Algae Biomass Organization (ABO) announced the results of a collaborative study that determined algae biofuels offer a competitive energy return on investment (EROI) and a substantial reduction in greenhouse gas (GHG) emissions when compared to petroleum and other biofuels. The study, “Life Cycle Assessment of Transportation Fuel Production from Hydrothermal Liquefaction of Algae Grown in Open Ponds,” conducted by scientists from the University of Virginia, Scripps Institute of Oceanography at the University of San Diego, Embori Group, LLC, and Sapphire Energy, Inc., examines the potential lifecycle assessment (LCA) for environmental and energy yield values of commercial scale algae-to-energy production. It is the first study of its kind to be based on real world field data from Sapphire Energy’s pilot and demonstration scale facilities in New Mexico.
SAN DIEGO, July 30, 2013 – Sapphire Energy, Inc. today announced it has paid off the entire loan guarantee awarded to the company by the U.S. Department of Agriculture. In Dec. 2009, the company was awarded a $54.5 million loan guarantee through the Biorefinery Assistance Program, administered by the USDA Rural Development-Cooperative Service, to build a fully integrated, algae-to-crude oil commercial demonstration facility in Columbus, N. M. In partnership with the USDA and the U.S. Department of Energy, Sapphire Energy developed and implemented its facility, known as the Green Crude Farm, on time and on budget. Today, the Farm is operational and producing renewable crude oil on a continuous basis.