Two Different Airlines Funded Sapphire Energy For Algae BioFuel
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Two different airlines had algae biofuel test flights this month, and both turned to the well-funded Sapphire Energy for their needs. Japan Airlines took flight today on a plane partially powered by camelina, jatropha and a small percentage of algae-based biofuels, while Houston’s Continental Airlines took to the wild biofuel yonder earlier this month, using a blend of jatropha and algae.
San Diego-based Sapphire has some big-name backers on its side, including Bill Gates’ Cascade Investment, ARCH Venture Partners and Venrock, and with more than $100 million in financing, is one of the most well-funded algae biofuel startups around. And Sapphire touts that its algae biofuel is chemically identical to crude oil, making it compatible with anything on the road, or in the air.
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August 3rd, 2013 at 6:56 am
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