Sapphire Energy, Inc.
Sapphire is leading the new industrial category of Green Crude production profoundly altering the petrochemical landscape for the better.
Press Releases
Biorefinery
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.
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Governor Bill Richardson Highlights More Than $100 Million to Be Invested in Alternative Fuels Project
SANTA FE – Governor Bill Richardson today commended Sapphire Energy, Inc. for a successful application to the U.S. Department of Energy for a grant to launch a new multi-million dollar algae biofuels demonstration project in Luna County, New Mexico. Sapphire Energy has been awarded a $50 million grant from the U.S. Department of Energy as well as a loan guarantee of $54.5 million from the U.S. Department of Agriculture. The San Diego-based company plans to build a demonstration project in Luna County near Columbus and Deming. The company also has a research and development complex in Las Cruces.
