STATEMENT BY SAPPHIRE ENERGY CEO, CYNTHIA ‘CJ’ WARNER, REGARDING THE COMPANY’S SELECTION AS AN ECOPARTNER WITH OIL GIANT SINOPEC
"The need for renewable, sustainable and low carbon energy solutions to meet growing demand is vital... Sapphire Energy’s proven algae-to-energy technology platform offers a promising solution," said Cynthia ‘CJ’ Warner, CEO and chairman of Sapphire Energy.
BEIJING, CHINA, July 10, 2014 – “Sapphire Energy is very pleased to learn that our company’s and Sinopec's algae-derived renewable crude oil project has been selected for the U.S.-China EcoPartnerships program, announced today in Beijing, China, by the U.S. Secretary of State and the People’s Republic of China State Councilor. This collaboration between our two companies exemplifies the mutual goal of producing cleaner energy solutions for the U.S. and China. Together, we will demonstrate that crude oil from algae can be produced with favorable economics; that it can be integrated into existing fuels distribution networks; and that it will deliver substantial advantages for the reduction of CO2 emissions in both nations.
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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 >>