Sapphire Energy gets $104.5 m to develop Green Crude

Sapphire Energy has been awarded a $104.5-million Recovery Act grant to continue its algae fuel research. The grant awarded comes from the Biorefinery Assistance Program, authorized through the 2008 Farm Bill. The San Diego-based company will use the grant to construct an “Integrated Algal Biorefinery” facility in Luna County, N.M. Sapphire Energy is working to develop “green crude” – or algae biofuel – that can be used as gasoline, diesel and jet fuel

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