Press Releases
New Mexico
6
Dec
2009
Recovery Act Project Will Create Clean Energy Jobs in Southern New Mexico
Over $100 Million to Fund Algae-Based Biofuel Refinery
Washington, DC- Today, Congressman Harry Teague announced that a Recovery Act grant and a loan guarantee has been awarded to Sapphire Energy, a company with operations in Las Cruces that produces algae-based biofuel. The funding will allow Sapphire Energy to build an “Integrated Algal Biorefinery” that will produce biofuel for commercial use. 750 direct and indirect jobs will be created through construction, administration and operation of the biofuel refinery facility.
