DGAP-News: Linde AG: Sapphire Energy and Linde expand partnership
(firmenpresse) - DGAP-News: Linde AG / Key word(s): Contract
Linde AG: Sapphire Energy and Linde expand partnership
16.07.2013 / 15:00
---------------------------------------------------------------------
Joint press release from Sapphire Energy, Inc. and Linde AG
Sapphire Energy and Linde expand partnership
Companies partner to commercialize hydrothermal treatment technology used
to upgrade algae into crude oil
Munich/San Diego, 16 July 2013 - Sapphire Energy, Inc., one of the world
leaders in algae-based Green Crude oil production, and the technology
company The Linde Group today announced they will expand their partnership
to commercialize a new industrial scale conversion technology needed to
upgrade algae biomass into crude oil. Together, the companies will refine
the hydrothermal treatment process developed and operated today by Sapphire
Energy at pilot scale. In addition, they will jointly license and market
the technology into an expanded list of industries, including algae,
municipal solid waste and farm waste in order to upgrade other biomass
sources into energy. The agreement spans a minimum of five years through
the development of Sapphire Energy's first commercial scale,
algae-to-energy production facility.
'Sapphire Energy is very pleased to build upon its already successful
strategic partnership with Linde to build a commercial oil upgrading
process designed to increase yield and lower the cost of crude oil
production,' said Cynthia 'CJ' Warner, CEO and chairman of Sapphire Energy.
'Large energy projects like we are building require very significant
partnerships to fund the development of new technologies and make available
engineering resources needed to bring these projects on line at commercial
scale. We think Linde is a perfect partner to help Sapphire achieve this
goal.'
'We have been working with Sapphire Energy for two years to develop a
cost-efficient CO2 delivery system for commercial algae production. We have
become confident with the company's expertise and its capability to produce
a low carbon and economic energy source from algae. After the positive
experience gained, we decided to intensify our cooperation with Sapphire,'
said Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG.
'Based upon our profound engineering expertise, we will contribute to
further develop and scale up Sapphire's algae-to-crude-oil technology.'
This growing partnership builds upon Linde's and Sapphire Energy's
agreement to develop a low cost CO2 management system for open pond
algae-to-fuel production, which was previously announced in May 2011.
Linde, the leading merchant CO2 supplier in the U.S., also became the
exclusive supplier of CO2 for Sapphire Energy's commercial demonstration,
algae-to-energy facility in Columbus, New Mexico. Today, the Green Crude
Farm is operating year-round and producing barrels of crude oil daily.
About The Linde Group
The Linde Group is a world-leading gases and engineering company with
around 62,000 employees in more than 100 countries worldwide. In the 2012
financial year, Linde generated revenue of EUR 15.280 bn. The strategy of
the Group is geared towards long-term profitable growth and focuses on the
expansion of its international business with forward-looking products and
services. Linde acts responsibly towards its shareholders, business
partners, employees, society and the environment - in every one of its
business areas, regions and locations across the globe. The company is
committed to technologies and products that unite the goals of customer
value and sustainable development.
Under the 'Clean Technology by Linde' label, the company offers a wide
range of products and technologies that help to render renewable energy
sources financially viable, and significantly slow down the depletion of
fossil resources or reduce the level of CO2 emitted. This ranges from
specialty gases for solar module manufacturing, industrial-scale CO2
separation and application technologies to alternative fuels and energy
carriers such as liquefied natural gas (LNG) and hydrogen.
For more information, see The Linde Group online at
http://www.linde.com/cleantechnology
About Sapphire Energy
San Diego-based Sapphire Energy is pioneering an entirely new industry -
Green Crude production - with the potential to profoundly change America's
energy and petrochemical landscape for the better. Sapphire's products and
processes in this category differ significantly from other forms of biofuel
because they are made solely from photosynthetic microorganisms (algae and
cyanobacteria), using sunlight and CO2 as their feedstock; are not
dependent on food crops or valuable farmland; do not use potable water; do
not result in biodiesel or ethanol; enhance and replace petroleum-based
products; are compatible with existing infrastructure; and are low carbon,
renewable and scalable. Sapphire has an R&D facility in Las Cruces, New
Mexico, and is currently operating the first Integrated Algal BioRefinery
in Columbus, New Mexico.
For more information, visit www.sapphireenergy.com
Further information:
The Linde Group Sapphire EnergyEnd of Corporate News
Media Andrea Piotraszewski
Uwe Wolfinger Phone: +1.206-910-7606
Phone: +49.89.35757-1320 Email: andrea(at)zebraparters.net
Email: uwe.wolfinger(at)linde.com
Beth Llewelyn
Stefan Metz Phone: +1.206-406-5027,
Phone: +49.89.35757-1322 Email: beth(at)zebrapartners.net
Email: stefan.metz(at)linde.com
Investor Relations
Dr. Dominik Heger
Phone: +49.89.35757-1334
Email: dominik.heger(at)linde.com
Lisa Tilmann
Phone: +49.89.35757-1328
Email: lisa.tilmann(at)linde.com
---------------------------------------------------------------------
16.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Linde AG
Klosterhofstraße 1
80331 München
Germany
Phone: +49.89.35757-01
Fax: +49.89.35757-1075
E-mail: info(at)linde.com
Internet: www.linde.de
ISIN: DE0006483001
WKN: 648300
Indices: DAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover; Terminbörse EUREX; SIX
End of News DGAP News-Service
---------------------------------------------------------------------
221378 16.07.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 278803
Anzahl Zeichen: 6420
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 246 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Linde AG: Sapphire Energy and Linde expand partnership"
steht unter der journalistisch-redaktionellen Verantwortung von
Linde AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
