Two different airlines had algae biofuel test flights this month, and both turned to the well-funded Sapphire Energy for their needs. Japan Airlines took flight today on a plane partially powered by camelina, jatropha and a small percentage of algae-based biofuels, while Houston’s Continental Airlines took to the wild biofuel yonder earlier this month, using a blend of jatropha and algae.
San Diego-based Sapphire has some big-name backers on its side, including Bill Gates’ Cascade Investment, ARCH Venture Partners and Venrock, and with more than $100 million in financing, is one of the most well-funded algae biofuel startups around. And Sapphire touts that its algae biofuel is chemically identical to crude oil, making it compatible with anything on the road, or in the air.
San Diego-based Sapphire has some big-name backers on its side, including Bill Gates’ Cascade Investment, ARCH Venture Partners and Venrock, and with more than $100 million in financing, is one of the most well-funded algae biofuel startups around. And Sapphire touts that its algae biofuel is chemically identical to crude oil, making it compatible with anything on the road, or in the air.
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