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Tuesday, November 08, 2011 2:22:32 AM
http://www.usda.gov/wps/portal/usda/usdahome?contentid=2011/11/0474.xml&contentidonly=true
The loan recipient, Sapphire Energy, Inc., intends to design, build and operate a $135 million integrated algal biorefinery (IABR) in Columbus, N.M., for the production of advanced biofuel that is a "drop-in" replacement for petroleum derived diesel and jet fuel. The IABR will be capable of producing 100 barrels of refined algal oil per day, equivalent to at least one million gallons per year. The oil will be shipped to the United States Gulf Coast to be refined by Sapphire's refinery partner, Dynamic Fuels, located in Geismar, La
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