Affinity Energy & Health Ltd (ALGXY)

[Tommy]

Venture Beat: $144m new investment in algae: Sapphire, Algae.Tec and Solazyme dominate the global algae to biofuels space

April 3, 2012 By Editor

Venture Beat reports that:

“Sapphire Energy, a company that creates algae-based fuel, just announced a whopping $144 million in funding.

In recent years several startups have emerged to create fuel out of plant material, all hoping to lure people away from gasoline made from crude oil. Solazyme, Algae.tec, and Sapphire Energy all dominate the space, trying to edge out not only each other but oil companies as well.”

http://venturebeat.com/2012/04/02/sapphire-energy-gets-144m-in-its-fuel-tank-to-turn-algae-into-gasoline/