NewEnergyNews More: BIOFUELS MAKER SAPPHIRE PAYS OFF DOE LOAN

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    • Monday, August 5, 2013

    BIOFUELS MAKER SAPPHIRE PAYS OFF DOE LOAN

    Biofuel Company Latest To Pay Off Government Loan Early

    Antony Ingram, August 1, 2013 (Green Car Reports)

    "…[Like] Tesla Motors [NDSQ:TSLA]…biofuel company Sapphire Energy has…[paid pack its Department of Energy] $54.5 million loan with years to spare…Like Tesla's DoE loan, Sapphire's was granted back in 2009, through the U.S. Department of Agriculture…The company's aim was to build a fully integrated algae-to-crude oil commercial demonstration facility in Columbus, NM. Not only did Sapphire's 'Green Crude Farm' project hit both its time and budget targets, but it's now an operational facility producing renewable crude oil from algae and cyanobacteria on a continuous basis…” click here for more

    posted by Herman K. Trabish @ 5:09 AM

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