Sapphire Energy Receives $54.5 million Through the Biorefinery Assistance Program
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U.S. Department of Energy Secretary Steven Chu and Agriculture Secretary Tom Vilsack have announced the selection of 19 integrated bio-refinery projects to receive up to $564 million from the American Recovery and Reinvestment Act.
California-based Sapphire Energy will receive a non-ARRA loan guarantee for up to $54.5 million through the Biorefinery Assistance Program (BFA) to demonstrate a biorefinery process that will cultivate algae in ponds. The BFA program authorized by the 2008 Farm Bill promotes the development of new technologies for fuel production from non-corn kernel starch biomass sources.
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