Sapphire Energy has been working on algae-based fuel for some time. Recently, they got a bump to their research and development of this green fuel to the tune of $100 million in federal funds. It is billed as a “complete drop-in replacement technology” for crude oil, which does not require any special equipment or retooling for processing and delivery. Essentially, it is crude oil produced from algae.

Groundbreaking, expansion and construction of the facilities necessary for the refinement of the new fuel will take place in 2010 with the assistance of the new funds. For more, see Sapphire Energy’s website.

Tags: algae based fuel, algae oil, green oil, green petroleum

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