Thursday, September 18, 2008

Bill Gates Invests in Algae Fuel Company

Sapphire Energy HQ (TGW) – Bill Gates’ investment firm is investing in algae energy firm Sapphire Energy, part of a group of financiers that invested over $100 million in the company.

Sapphire produces the chemical equivalent of gasoline from algae grown in wastewater, what it calls “Green Crude”. So far, now company has made the fuel commercially.

The funding will allow the company to produce 10,000 barrels of the stuff a day at a commercial scale in three to five years, the company says.

Via :: Press Release

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Very cool. I can't wait for Algae based biofuels to become reality!

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Anonymous said...

This is first time i heard about this.Amazing,algae become fuel..
why is global warming happening