… As Sapphire Raises Funds For Algal Crude | Chemical & Engineering News
Volume 90 Issue 15 | p. 20 | Concentrates
Issue Date: April 9, 2012

… As Sapphire Raises Funds For Algal Crude

Department: Business
Keywords: algae, biofuels, venture capital

Algae-based fuel developer Sapphire Energy has raised $144 million in a third round of investment funding. Backers include the investment firm Arrowpoint Partners and Monsanto, which is also working with Sapphire to discover traits in algae with application to other crops. Sapphire says the funds will support a commercial demonstration facility, called the Green Crude Farm, it is building in New Mexico.

 
Chemical & Engineering News
ISSN 0009-2347
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