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Algae Biomass Organization Congratulates Sapphire Energy on EcoPartnership with Sinopec

WASHINGTON, D.C.  (July 10, 2014) The Algae Biomass Organization congratulates Sapphire Energy on its agreement with Sinopec through the US State Department’s EcoPartnerships program.  This partnership is the latest example of how algae technology developed here in the United States is being sought after around the world. By leveraging Sapphire’s technology to convert waste CO2 into green crude oil, the companies are helping reduce overall greenhouse gas emissions while creating a new source of renewable fuel.   This endeavor should serve as a model for other countries – including the US – to follow, especially in light of new EPA regulations for the reduction of CO2 from coal and natural gas powered electricity generation.

ABO and its membership strongly urge the US EPA to recognize carbon reutilization as an approved mitigation strategy under rule 111(d). Doing so will accelerate the development and adoption of algae-based technologies that convert waste CO2 into a variety of end products that consumers need, from fuel to feed to food, creating thousands of jobs in nearly every state, reducing the harmful effects of climate change, and increasing our nation’s energy and food security.

About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501(c)(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.

 

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