USDA highlights Sapphire as loan guarantee super star

October 22, 2013 |

In New Mexico, the USDA is using Sapphire as an example of the good that can come from loan guarantees, like the $181 million that were announced on Monday. The company paid back its $54.5 million guarantee within a year, created 600 jobs during construction and 30 full-time jobs during operation. The facility is producing algae for biofuels and renewable aviation fuel.

Category: Fuels

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