{"id":590,"date":"2008-09-20T12:34:00","date_gmt":"2008-09-20T12:34:00","guid":{"rendered":"http:\/\/oilgae.com\/blog\/?p=590"},"modified":"2008-09-20T12:34:00","modified_gmt":"2008-09-20T12:34:00","slug":"cascade-investment-of-bill-gates-arch","status":"publish","type":"post","link":"http:\/\/www.oilgae.com\/blog\/2008\/09\/cascade-investment-of-bill-gates-arch.html","title":{"rendered":"Cascade Investment of Bill Gates, Arch Venture Back Biofuel Maker Sapphire Energy"},"content":{"rendered":"<p>You are at: <b><a href=\"http:\/\/www.oilgae.com\/blog\/\">Oilgae Blog<\/a><\/b>.<\/p>\n<p>Algae-based biofuel is getting pretty big\u2014at least as an investment. Today, the Wall Street Journal reports that San Diego-based Sapphire Energy has closed a round of venture financing from Bill Gates\u2019s investment arm, Kirkland, WA-based Cascade Investment. Sapphire Energy, which is working on oil-producing algae, has now raised a total of $100 million, and is also backed by Arch Venture Partners, Venrock, and Wellcome Trust.<\/p>\n<p>According to the WSJ, Sapphire is working towards a 10,000-barrel-a-day algae-based oil facility, and can now concentrate on production and engineering problems. Meanwhile, Gates\u2019s involvement may signal a broader interest in alternative biofuels.<\/p>\n<p>Full story <a href=\"http:\/\/www.xconomy.com\/seattle\/2008\/09\/17\/bill-gates-arch-venture-back-biofuel-maker-sapphire-energy\/\">here<\/a><\/p>\n<p>By the way, have you <a href=\"http:\/\/www.oilgae.com\/blog\/feed\/rss.xml\">subscribed to the Oilgae Blog?<\/a>; How about <a href=\"http:\/\/oilgae.com\/mlist\/user\/subscribe.php\">joining the Oilgae mailing list?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You are at: Oilgae Blog. Algae-based biofuel is getting pretty big\u2014at least as an investment. Today, the Wall Street Journal reports that San Diego-based Sapphire Energy has closed a round of venture financing from Bill Gates\u2019s investment arm, Kirkland, WA-based Cascade Investment. Sapphire Energy, which is working on oil-producing algae, has now raised a total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,13],"tags":[],"class_list":["post-590","post","type-post","status-publish","format-standard","hentry","category-algae-energy-investments","category-algae-energy-products"],"_links":{"self":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/comments?post=590"}],"version-history":[{"count":0,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/posts\/590\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/media?parent=590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/categories?post=590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.oilgae.com\/blog\/wp-json\/wp\/v2\/tags?post=590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}