The Linde Group Sapphire Energy Inc Expand Partnership For Green Crude Oil Production

Linde, Sapphire to expand algae to oil conversion partnership

6:14 AM, 17th July 2013
The Linde Group Mergers News
Cynthia ‘CJ’ Warner, Chairman and CEO, Sapphire Energy.

MUNICH, GERMANY/SAN DIEGO, US: The Linde Group and Sapphire Energy Inc, an algae-based green crude oil production company, will expand their partnership to commercialize a new industrial scale conversion technology needed to upgrade algae biomass into crude oil. The agreement spans a minimum of five years through the development of Sapphire Energy’s first commercial scale, algae-to-energy production facility.

The companies will jointly license and market the technology into an expanded list of industries, including algae, municipal solid waste and farm waste in order to upgrade other biomass sources into energy. The hydrothermal treatment process, developed and operated by Sapphire Energy at pilot scale, will be refined for increased efficiency.

“Sapphire Energy is very pleased to build upon its already successful strategic partnership with Linde to build a commercial oil upgrading process designed to increase yield and lower the cost of crude oil production. Large energy projects like we are building require very significant partnerships to fund the development of new technologies and make available engineering resources needed to bring these projects on line at commercial scale. We think Linde is a perfect partner to help Sapphire achieve this goal,” said Cynthia ‘CJ’ Warner, Chairman and CEO, Sapphire Energy.

© Worldofchemicals News

Read more about the Linde, Sapphire partnership in 2011 - https://www.worldofchemicals.com/media/mergers_acquisition/linde-sapphire-energy-to-co-develop-carbon-dioxide-delivery-system/636.html

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