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This month (Sep 2008) algae as a fuel source made the news several times. Last week, Sapphire Energy announced it received $100 million to help reach its goal of making commercial amounts of algae fuel in three to five years. Investors included Bill Gates investment company, Cascade Investment, LLC. In June Sapphire received $50 million from investors.
At the beginning of the month, Arizona State University (ASU) announced its partnership with Heliae Development, LLC and Science Foundation Arizona (SFAz) to develop a kerosene-based jet fuel derived from algae. Last year ASU researched using algae as jet fuel, in conjunction with UOP, a Honeywell company.
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