Sapphire Energy

Sapphire Energy, a San Diego based company has announced that they have created an algae based renewable-energy fuel that could be used to power existing cars. The company says that the fuel will be compatible with current refineries, pipelines and automobiles. The substance, nicknamed "green crude" is said to be chemically equivalent to standard gasoline.

The fuel is made of algae, sunlight, carbon dioxide and water. The company claims the fuel is ultra-clean and the production process could help remove emissions from the atmosphere.

Fast Facts

1. CEO: Jason Pyle, MD, PhD
2. Formed: May, 2007
3. Process that relies on photosynthesis
4. Non-dependent on food sources for fuel
5. Goal is to have first facility operational in three years

Sapphire Energy Quotes

• "Sapphire’s goal is to be the world’s leading producer of renewable petrochemical products, Our goal is to produce a renewable fuel without the downsides of current biofuel approaches." - CEO Jason Pyle
• "Sapphire Energy was founded on the belief that the only way to cure our dependence on foreign oil and end our flirtation with ethanol and biodiesel is through radical new thinking and a commitment to new technologies." -CEO Jason Pyle

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