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Sapphire Energy Secures Funds from USDA

November 15th, 2011 | No Comments | Posted in algae biodiesel USA, Algae-Energy-Companies, Algae-Energy-Investments, Uncategorized

Sapphire Energy, an algae fuels company, based out of  Mexico, has secured loan from United States Department of Agriculture (USDA)  to build and operate a $135 million integrated algal biorefinery (IABR) in Columbus.  This refinery aims to produce about 100 barrrels of algae oil / day. The IABR will be capable of producing 100 barrels of refined algal oil per day, equivalent to at least one million gallons per year. The oil will be shipped to the United States Gulf Coast to be refined by Sapphire’s refinery partner, Dynamic Fuels, located in Geismar, La.

More info – http://domesticfuel.com/2011/11/14/usda-funds-algae-fuel-project-in-new-mexico/

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