November 27, 2014 6:15 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Sapphire Energy, Inc.

Company Overview

Sapphire Energy, Inc. produces algae-based crude oil. It develops technology to produce fungible drop-in transportation fuels, including 91 octane gasoline, 89 cetane diesel, and jet fuel out of algae, sunlight, and carbon dioxide. The company’s products are compatible with cars, refineries, and pipelines. Its platform uses sunlight, CO2, photosynthetic microorganisms/algae, and non-arable land to produce low carbon alternatives to petroleum-based processes and products. Sapphire Energy, Inc. has a strategic partnership with Algae BioFuels, Incorporated; and a strategic joint development agreement with Phillips 66. The company was founded in 2007 and is based in San Diego, California with ad...

3115 Merryfield Row

San Diego, CA 92121

United States

Founded in 2007

Phone:

650-799-6782

Fax:

866-713-6616

Key Executives for Sapphire Energy, Inc.

Chief Executive Officer
Age: 43
Co-Founder and Director
Chief Financial Officer
Age: 63
Senior Vice President of Corporate Development & Policy
Vice President of Business Development
Compensation as of Fiscal Year 2014.

Sapphire Energy, Inc. Key Developments

Sapphire Energy, Inc. Announces Executive Changes

Sapphire Energy, Inc. announced the appointment of biotechnology veteran James Levine as president, CEO and member of the board of directors. Levine replaces Cynthia 'CJ' Warner, who is stepping down from her post effective immediately. She will remain chairman of the company's board of directors. Levine was formerly president and CEO of Verenium Corp., a NASDAQ-listed industrial biotechnology company that develops commercial-scale enzyme solutions using proprietary and patented technologies for industries worldwide. At Verenium, he fostered and managed the company's most critical partnerships, including BP, which acquired the company's cellulosic ethanol unit in 2010, as well as DuPont, Royal DSM, Bunge North America, Cargill, Novus International Inc., Colgate-Palmolive Co. and Tate & Lyle PLC, among others. Each of these partnerships enabled the application of Verenium's technology in global food, fuels and animal nutrition markets. Later, he led the company through its acquisition by BASF Corp. in late 2013. Prior to Verenium, Levine was a managing director in the global energy group at Goldman Sachs & Co.

Sapphire Energy and Phillips 66 to Advance Commercialization of Algae Crude Oil

Sapphire Energy, Inc. and Phillips 66 announced a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. The companies will work together to collect and analyze data from co-processing of algae and conventional crude oil into fuels. The goal is to complete fuel certifications to ready Sapphire Energy's renewable crude oil, called Green Crude, for wide-scale oil refining. Under the agreement the companies will expand Sapphire Energy's current testing programs to further validate that Green Crude can be refined in traditional refineries and meet all of the Environmental Protection Agency's (EPA) certification requirements under the Clean Air Act. This includes determining the optimal operating conditions for processing algae crude oil into American Society for Testing and Materials (ASTM)-certified diesel, gasoline and jet fuel. Once the study is finished, the companies will work together to complete the EPA certification process to register a new fuel product entering the market.

Sapphire Energy, Inc. Presents at Advanced Biofuels Leadership Conference, Oct-09-2013 11:00 AM

Sapphire Energy, Inc. Presents at Advanced Biofuels Leadership Conference, Oct-09-2013 11:00 AM. Venue: Intercontinental San Francisco Hotel, San Francisco, California, United States. Speakers: Timothy S. Zenk, Vice President of Corporate Affairs.

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