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.
SAN DIEGO and MUNICH, July 16, 2013 – Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, and the technology company The Linde Group today announced they will expand their partnership to commercialize a new industrial scale conversion technology needed to upgrade algae biomass into crude oil. Together, the companies will refine the hydrothermal treatment process developed and operated today by Sapphire Energy at pilot-scale. In addition, they will jointly license and market the technology into an expanded list of industries, including algae, municipal solid waste, and farm waste, in order to upgrade other biomass sources into energy. The agreement spans a minimum of five years through the development of Sapphire Energy’s first commercial scale, algae-to-energy production facility.
SAN DIEGO, May 22, 2013 – Sapphire Energy, Inc., one of the world leaders in algae-based Green Crude oil production, today announced that Dr. Matthew Croughan will join the company as Chief Technology Officer. Dr. Croughan is a world renowned engineer and researcher in industrial bioprocessing, having most recently served as George B. and Joy Rathmann Professor and Director of the Amgen Bioprocessing Center at Keck Graduate Institute (KGI), a member of the Claremont Colleges Consortium. He has also served as a member of Sapphire Energy’s Scientific Advisory Board since June 2012. In the newly created role of CTO, Dr. Croughan will guide the company in its effort to refine and scale its technologies and algae-to-energy process as it moves towards commercial scale production of Green Crude oil.