Replies to post #68972 on Biocentric Energy Holdings, Inc. (BEHL)

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Here, it's not the grants or Gov money that's important about this. WHAT IS IMPORTANT is this statement by Sapphire:

The company said its algae fuel "is a complete drop-in replacement technology for crude oil."

That's a pretty powerful statement for the entire space.


>>By the North County Times | Posted: Monday, December 7, 2009 6:50 pm | No Comments Posted


Algae fuel pioneer Sapphire Energy was awarded $104.5 million in stimulus grants and loans, the company announced Friday.

San Diego-based Sapphire said in a statement that it will receive $50 million in grants from the U.S. Department of Energy, and $54.5 million in loans from the U.S. Department of Agriculture.

The company said its algae fuel "is a complete drop-in replacement technology for crude oil."

But scientists have been able to produce it only in laboratory settings. They've been stymied in producing algae fuel in industrial quantities.

Jason Pyle, Sapphire's chief executive officer, said the grant will create 750 jobs, though most of them will be at the company's development plant in New Mexico.<<