09 Apr '12, 4pm

Algae biofuel startup is expanding operations in New Mexico #algae #biofuels @SapphireEnergy

09 Apr 2012: Algae Biofuel Startup Is Expanding Operations in New Mexico A U.S. startup says it has raised enough funding to significantly expand what it calls the world’s first commercial-scale algae biofuel farm , a 300-acre project its developers say could produce 1.5 million gallons of algae-based crude oil by 2014. Sapphire Energy, which so far has received more than $300 million — including U.S. government funding — to develop its technology, has already begun building the plant in New Mexico. While many consider algae-based oil a promising fuel alternative since it can produce large amounts of oil without consuming fresh water supplies or farmland, the technology has not been shown to work on a commercial scale because of costs. Sapphire Energy hopes that by reducing the production costs at every stage of the process — from construction of the algae ponds to harvest...

Full article: http://e360.yale.edu/digest/algae_biofuel_startup_is_expa...

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