Rip Up the Mortgage: Sapphire Energy Pays Off USDA Loan Guarantee in Full

In California, Sapphire Energy announced it has paid off the loan guarantee awarded to the company by the U.S. Department of Agriculture. In Dec. 2009, the company was awarded a $54.5 million loan guarantee through the Biorefinery Assistance Program, administered by the USDA Rural Development-Cooperative Service, to build a fully integrated, algae-to-crude oil commercial demonstration facility in Columbus, New Mexico.

Powered by WPeMatico

This entry was posted in Africa ECO. Bookmark the permalink.

Comments are closed.