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Could tiny photosynthetic micro-organisms help solve our energy problems? We’ve written about companies developing algae-based fuel technologies in the past, (Vertigro Energy) and recent issues with biofuels have made algae-based technology even more compelling because the production process doesn’t require use of arable land or compete with humans for food stocks.

A new player in the algae tech is Sapphire Energy, who announced yesterday that they’ve produced renewable 91 octane gasoline that meets fuel industry standards. What makes this ecotechnology so attractive is that it’s not a traditional biofuel, isn’t ethanol, doesn’t require crops or farmland to be produced and can be used with existing infrastructure. “The basic production requirements are comprised of CO2, sun and water. Algae can flourish in non-arable land or in dirty water, and when it does flourish, its potential oil yield per acre is unmatched by any other terrestrial feedstock.”

Sapphire states that their “scalable production facilities can grow easily and economically because production is modular, transportable, and fueled by sunlight – not constrained by land, crops, or other natural resources.”

Venture capital companies and investment firms have plunked down $50 million to get Sapphire up and running.

find out more @ sapphireenergy.com and greencrudeproduction.com