The long, long (long) road for algae fuel

Earlier this week algae fuel startup Sapphire Energy announced that it’s in the process of raising a whopping $144 million from private investors, which will be used to build out its first commercial demonstration algae farm in New Mexico. That farm could be able to produce 1.5 million gallons of Sapphire’s green crude per year by 2014, says Sapphire’s VP of Corporate Affairs, Tim Zenk.

That might sound impressive, but it’s a far cry from the company’s previous projections. Back in 2009, Sapphire was hoping its algae farm would be able to produce 1 million gallons of green crude per year by 2011, followed by 100 million gallons per year by 2018, and 1 billion gallons per year by 2025. When Sapphire made those projections, the sheer volume was so much more than any of their competitors were putting out there, that I asked if Sapphire was going to be “the gorilla of algae fuel?“

Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

NATURE'S GENERATOR POWERHOUSE

NATURE'S GENERATOR POWERHOUSE

Offers a maximum power output of 120V/240V 7200Watt and can power almost anything. Whether it is 120 Volts or 240 Volts, Powerhouse can single-handedly address all your home power requirements. The Nature's Generator is a solar generator built to be used anywhere, anytime. Power is supplied by our very own Power Panels and Wind Turbines, and can be connected to your home power. We ensure a clean charge without sacrificing any power, so you can stay connected wherever life takes you.