It's slime's time to shine, says Sapphire Energy

12/12/2012 | CNNMoney/Fortune

Sapphire Energy, which produces oil from algae, has spent $60 million constructing 70 football-field-sized slime ponds and is refining its first barrels of bio-oil. The facility will produce about 100 barrels of oil a day for now, with commercial-scale production of up to 10,000 barrels a day hoped for by 2018.

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