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On July 28, 2014, Sapphire Energy (Sapphire) announced that James Levine would replace CJ Warner as the Company's President and CEO. Mr. Levine had been the CEO of Verenium Corporation (Verenium). San Diego-based Sapphire focuses on the production of green crude made from algae. Verenium is an industrial biotechnology company developing commercial-scale enzyme solutions. Sapphire's press release with more information is available online....

Renewable energy company Sapphire Energy, Inc. and Phillips 66 have entered into a joint development agreement designed to promote and facilitate the commercial production of Sapphire's algae-based crude oil, which will be made into fuels. According to Sapphire's press release describing the agreement, "the companies will work together to collect and analyze data from co-processing of algae and conventional crude oil into fuels. The goal is to complete fuel certifications to ready...