OriginOil & Sapphire Moving Closer to Commercializing Algae Fuels
April 21, 2009
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California, United States [RenewableEnergyWorld.com] Algae fuels OriginOil and Sapphire Energy both announced this week that they are ready to take the final steps to commercialization of their respective technologies.
Sapphire said that it will be producing 1 million gallons of diesel and jet fuel per year, double its initial estimates, while OriginOil plans to rapidly commercialize its single-step process to extract oil from algae for use by others in the fast-growing algae industry.
Sapphire Energy, revealed a very ambitious updated timeline for the deployment of its “drop-in” replacement transportation fuels. By 2011, Sapphire said that it will be producing 1 million gallons of diesel and jet fuel per year, double its initial estimates. By 2018, that number increases to more than 100 million gallons annually. By 2025, the company claims that it will be producing up to 1 billion gallons of fuel per year. OriginOil Inc., announced that its single-step process to extract oil from algae is ready for the big time. The company plans to rapidly commercialize the patent-pending process for use by others in the fast-growing algae industry. To listen to the interview with Eckelberry in our Inside Renewable Energy podcast, click here.
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