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According to Sapphire Energy, Warner will help the company to scale up its green crude technology, which produces a fuel it says is similar to light sweet crude that can be refined into gasoline, jet fuel and diesel replacements. The company is in the midst of a three-year pilot process with the goal of opening a commercial-scale production facility by 2011 at a site to be determined. The company recently established a test and research site in Las Cruces, N.M.
In September, Sapphire Energy said it completed a second round of funding, “substantially more than $100 million,” from existing and new investors, including Cascade Investments LLC, an investment holding company owned by Microsoft Chairman Bill Gates.
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