It’s been clear for awhile that changes were underway at San Diego-based Sapphire Energy, an industrial biotech founded in 2007 to develop a revolutionary process for turning algae into gasoline and other fuels.
Former Verenium CEO and Goldman exec ushers in new commercial era at Sapphire, as CJ Warner relinquishes CEO title, remaining as Chairman.
In his remarks at the signing ceremony, U.S. Secretary of State John Kerry noted that “tackling climate change and leading the way to a clean energy future can be a ‘win, win, win’—a win for America, a win for China, and a win for the world.”
In a ceremony held Thursday in Beijing, San Diego’s Sapphire Energy and Sinopec, China’s state-owned oil and gas conglomerate, agreed to work together to develop and produce algae-based biofuels in China.
The Digest has heard from China that Sapphire Energy’s and Sinopec’s algae-derived renewable crude oil project has been selected for the U.S.-China EcoPartnerships program, and that the announcement is being made overnight US time in Beijing, China, by the U.S. Secretary of State and the People’s Republic of China State Councilor.
WASHINGTON, D.C. (July 10, 2014) The Algae Biomass Organization congratulates Sapphire Energy on its agreement with Sinopec through the US State Department’s EcoPartnerships program. This partnership is the latest example of how algae technology developed here in the United States is being sought after around the world. By leveraging Sapphire’s technology to convert waste CO2 into green crude oil, the companies are helping reduce overall greenhouse gas emissions while creating a new source of renewable fuel. This endeavor should serve as a model for other countries – including the US – to follow, especially in light of new EPA regulations for the reduction of CO2 from coal and natural gas powered electricity generation.
On July 10, U.S. Secretary of State John Kerry and his Strategic & Economic Dialogue counterpart State Councilor Yang Jiechi welcomed six new U.S.-China partners into the flagship EcoPartnerships Program during a signing ceremony in Beijing, China. Counselor to the President John Podesta, Under Secretary for Public Diplomacy and Public Affairs Richard Stengel, Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Danny Russel, Acting Assistant Secretary for Oceans, Environment, and Science Judith Garber, and U.S. Ambassador to China Max Baucus also participated. With the admission of this cohort, there are now 24 EcoPartnerships in the program.
New Rochelle, NY, July 9, 2014—Biofuels derived from the oils produced by algae may offer a low-cost sustainable alternative to fossil fuels. To achieve this goal, optimization of cost effective strategies for large-scale algae cultivation, such as in open pond systems, is needed. Sapphire Energy has developed an innovative solution to the challenge of contamination of open pond algae cultivation systems, described in Industrial Biotechnology, a peer-reviewed journal from Mary Ann Liebert, Inc., publishers. The article is available on the Industrial Biotechnology website.
A study conducted by the San Diego Association of Governments (SANDAG) and released last week by its service bureau found that the direct, indirect, and induced economic impact of the algae biotechnology research and manufacturing industry generates a total of approximately 1,020 total jobs, $80 million in wages, and over $175 million of economic output to the San Diego region.
Former director at Biotechnology Industry Organization to lead efforts to commercialize algae-derived fuel, food, feed and other products