Recovery Act Announcement: Secretary Chu Announces Nearly $800 Million from Recovery Act to Accelerate Biofuels Research and Commercialization
As part of the ongoing effort to increase the use of domestic renewable fuels, U.S. Secretary of Energy Steven Chu today announced plans to provide $786.5 million from the American Recovery and Reinvestment Act to accelerate advanced biofuels research and development and to provide additional funding for commercial-scale biorefinery demonstration projects.
“Developing the next generation of biofuels is key to our effort to end our dependence on foreign oil and address the climate crisis—while creating millions of new jobs that can’t be outsourced,” Secretary Chu said. “With American investment and ingenuity—and resources grown right here at home—we can lead the way toward a new green energy economy.”
The U.S Department of Energy (DOE) Biomass Program will leverage DOE’s national laboratories, universities, and the private sector to help improve biofuels reliability and overcome key technical challenges, with the goal of creating third-generation biofuels like green gasoline, diesel, and jet fuels.
The $786.5 million in Recovery Act funding is a mix of new funding opportunities and additional funding for existing projects. It will be allocated across four main areas. Continue reading “DOE Announces Recovery Act Grant Competitions for Biofuels Projects”