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Last updated on April 19, 2014 at 9:20 EDT

Latest Sapphire Energy Inc. Stories

2013-12-10 08:24:56

Agreement to Co-Process Algae Crude Oil with Conventional Crude Oil and Complete Fuel Certifications SAN DIEGO, Dec. 10, 2013 /PRNewswire/ -- 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...

2013-07-30 08:22:49

USDA and Sapphire Energy Partnership Demonstrates Effective Use of Taxpayer Money and U.S. Technology Leadership SAN DIEGO, July 30, 2013 /PRNewswire/ -- 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...

2013-07-16 08:23:33

Companies Partner to Commercialize Hydrothermal Treatment Technology Used to Upgrade Algae into Crude Oil SAN DIEGO and MUNICH, July 16, 2013 /PRNewswire/ -- 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...

2013-05-22 12:24:05

Leading Green Crude Oil Producer Taps Esteemed Bioengineer, Dr. Matthew Croughan, to Drive Company's Technology Roadmap SAN DIEGO, May 22, 2013 /PRNewswire/ -- 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...

2013-03-20 12:21:46

Sapphire Achieves Major Milestone with Continuous Green Crude Oil Production SAN DIEGO, March 20, 2013 /PRNewswire/ -- Sapphire Energy, Inc., a leader in algae-based Green Crude oil production, today announced it has entered into a commercial agreement with Tesoro Refining and Marketing Company, LLC, a subsidiary of Tesoro Corporation. Under the agreement, Tesoro will purchase crude oil from Sapphire Energy's Green Crude Farm in Columbus, New Mexico, which recently reached a new...

2013-01-08 12:21:40

SAN DIEGO, Jan. 8, 2013 /PRNewswire/ -- Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced Thomas 'Tom' Willardson has joined the company as Chief Financial Officer. In this role, Willardson brings more than 30 years of experience in leading financial initiatives for public and privately held companies, including serving as CFO for Aurora Algae, Inc.; Energy Recovery, Inc.; and Cost Plus, Inc.; among others. At Sapphire Energy, he'll...

2012-11-13 12:22:43

SAN DIEGO, Nov. 13, 2012 /PRNewswire/ -- Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced the appointment of Jeff Webster as Chief Operating Officer (COO). In this role, Mr. Webster brings more than 28 years of broad industry experience across biotech, renewable energy, agriculture, and oil & gas, including setting strategic direction and leading implementation of successful new business initiatives for...

2012-08-27 06:21:44

COLUMBUS, N.M., Aug. 27, 2012 /PRNewswire/ -- Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced the first phase of its Green Crude Farm, the world's first commercial demonstration algae-to-energy facility, is now operational. Construction of this first phase, which began on June 1, 2011, was completed on time and on budget. When completed, the facility will produce 1.5 million gallons per year of crude oil and consist of approximately...

2012-06-12 02:22:22

SAN DIEGO, June 12, 2012 /PRNewswire/ -- Sapphire Energy, Inc. today welcomed new members to its Scientific Advisory Board as the company readies its first algae-to-energy commercial demonstration facility.The new board members represent some of the most innovative academics across key scientific and engineering disciplines, including chemistry, molecular biology, plant biology, biotechnology, and chemical engineering. The board includes four members of the U.S. National Academy of Sciences....

2012-04-02 06:21:17

SAN DIEGO, April 2, 2012 /PRNewswire/ -- Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, today announced it has secured the final tranche of a $144 million Series C investment funding. The Series C backers include Arrowpoint Partners, Monsanto, and other undisclosed investors. All major Series B investors have participated. With this investment round, Sapphire Energy's total funding from private and public sources substantially exceeds...