Wednesday, September 17, 2008

Bill Gates enters into green fuel industry

Software industry giant Bill Gates has invested in Sapphire Energy, a company that intends to make auto fuel from algae. The Sapphire Energy is funded by Investors include Gates' investment firm Cascade Investment, as well as Arch Venture Partners, Wellcome Trust, and Venrock and they have raised their fund upto 100 million $.

Making fuel using algae is a bright way of researching on extracting fuel as it rich in oil and can grow in wide range of environmental conditions.

Sapphire Energy which is based in San Diego has successful to produce 91 octane gasoline from algae. The recent investments will help the company to scale up their facilities to produce 10000 barrels a day and run in commercial scale.

1 comment:

indiaaviation said...

GOOD INFORMATION.India needs lot of oil and it has a long coast which produces algae. Indian oil and gas requirements are higher