Although algae fuel is likely decades from powering our vehicles, federal lawmakers already are focusing on tax breaks for companies in the field. Just yesterday the House of Representatives passed H.R. 4168 that gives $1.01 per gallon of production tax credit to algae fuel producers.
SAN DIEGO — “Green Crude” was named one of the best inventions by Time Magazine. The green fuel is made by Sapphire Energy in San Diego, and it doesn’t need fresh water or farm land to grow.
It works, apparently.
The U.S. Navy has signed a deal to get 150,000 gallons of algae fuel from Solazyme. A year ago, Solazyme signed a deal with the Navy to deliver 20,000 gallons of HRF-76 Naval Distillate. It has fulfilled that contract, so this new deal can be seen as a sign that the Navy is happy with the results. The fuel meets the Navy's specifications for a drop-in renewable replacement, says Solazyme.
On a day set aside to honor the American worker, we spare a thought for those who have been unable to find work in what has become the most difficult job market since the Great Depression.
In September 2008, the collapse of the investment bank Lehman Bros. Holdings Inc. triggered a one-day loss of 504 points in the Dow Jones industrial average, and exposed a weakness that had spread throughout our financial markets. A recession greater than anything we've faced in decades soon followed.
As the biofuels industry advances forward and grows globally, here is a look at five of its major players from around the world
Sapphire Energy teams up with Correia Middle School and ScienceBridge for the 2010 San Diego Science Festival. Here faculty and scientists work together to teach elementary students the fundamentals of scientific learning while giving them critical knowledge about contemporary issues developing around the world of science.
Bill Gates has done some big thinking on energy and wants you to know: this is not an easy problem to solve.
Technology Review on Tuesday published an interview with the Microsoft co-founder and philanthropist on multiple topics, including energy--a subject that Gates spends a considerable amount of time thinking about. The energy portion of the interview is here; a longer version touching on philanthropy is here. Both are worth reading in full.
Investors are a tough crowd to cultivate. Yet in the pond that is the biotechnology market, one product seems to be rising to the top like the green sludge it is: algae. Its potential use as biofuel is drawing venture money from places you might not expect. The reason: It could be both environmentally responsible and profitable.
8.18.10 (LAS CRUCES) - Las Cruces is a hot bed of algae activity. As KRWG's Jared Andersen reports, employees at the Sapphire Energy research facility work 7 days a week in an attempt to create, "green crude".
LAS CRUCES - It was a fair question: Is there anyplace else in the desert where more algae can be found than Sapphire Energy's research and development facility at the West Mesa Industrial Park.
Denise Gitsham, Sapphire's director of corporate affairs and legislative council, didn't pause with the answer.
"No," Gitsham said. "There are algae farms, particularly in California, but not for this kind of purpose."