Sapphire Energy, Sinopec project selected for EcoPartnerships program

By Staff | September 01, 2014

Sapphire Energy Inc. has announced that its algae-derived renewable crude project with Sinopec, China’s state-owned oil and gas conglomerate, was selected for the U.S.-China EcoPartnerships Program. The project is one of six new U.S.-China partners welcom

ed into the flagship EcoPartnerships Program during a signing ceremony in Beijing on July 10.
According to the U.S. Department of State, the EcoPartnerships Program promotes cooperation between U.S. and Chinese sub-national actors who work on clean energy, climate change, and environmental protection, to help address some of the biggest challenges facing our two countries.

“This collaboration between our two companies exemplifies the mutual goal of producing cleaner energy solutions for the U.S. and China,” said Synthia Warner, CEO of Sapphire Energy. “Together, we will demonstrate that crude oil from algae can be produced with favorable economics; that it can be integrated into existing fuels distribution networks; and that it will deliver substantial advantages for the reduction of CO2 emissions in both nations.”