SAPPHIRE ENERGY STATEMENT FROM VICE PRESIDENT OF CORPORATE AFFAIRS TIM ZENK, REGARDING EPA ANNOUNCEMENT OF RENEWABLE FUEL TARGETS
"This decision by the EPA has created unnecessary risk for advanced biofuel producers." said Tim Zenk, vice president of corporate affairs at Sapphire Energy.
SAN DIEGO, Nov. 15, 2013 – Today’s announcement by the EPA to reduce the Renewable Volume Obligations (RVO) for advanced biofuels in the Renewable Fuel Standard (RFS) by 1 billion gallons jeopardizes the United States’ ability to lead the world in advanced biofuel production. Advanced biofuels like drop-in gasoline, diesel, and jet fuel refined from Sapphire Energy’s Green Crude oil have none of the undesirable tradeoffs of first generation ethanol. These fuels are not dependent on food crops or valuable farmland; do not use potable water; do not result in biodiesel or ethanol and are completely compatible with current oil & gas infrastructure. Additionally, our company recently contributed real-world data from our facilities in New Mexico to a peer-reviewed study that determined the pathway and methods utilized by Sapphire Energy has an estimated 68% reduction in overall GHG emissions on a lifecycle basis, and is approaching the EROI of marginal sources of crude oil at commercial scale production.
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The Sapphire Solution
Sapphire Energy believes the time is now to create new energy solutions that are environmental, scalable, and renewable. Sapphire is leading the new industrial category of Green Crude production with the potential to profoundly change America’s energy and petrochemical landscape for the better. With only sunlight and CO2, Sapphire Energy is turning algae into Green Crude that can be refined into the three most important liquid fuels we use today: gasoline, diesel and jet fuel. There is no need to make changes to our vehicles, pipelines, or distribution systems—as Green Crude offers a complete drop-in replacement solution. Continue Reading: our story >>