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Obama Administration Announces $60+ Million in New Investments to Advance Biofuels Industry and Enhance America’s Energy Security

July 3, 2012 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

As part of the Obama Administration’s commitment to deploying every available source of American energy and reducing our reliance on imported oil, U.S. Secretary of the Navy Ray Mabus, Secretary of Agriculture Tom Vilsack and Secretary of Energy Steven Chu announced new funding https://www.fbo.gov/index?s=opportunity&mode=form&id=6c9c1fb4efd373efb6c7096142c681f7&tab=core&_cview=0 available to pursue new innovations in biofuels technologies, increase production of U.S. biofuels, and strengthen American energy security.

The U.S. Department of Agriculture (USDA), Navy and Department of Energy are announcing $30 million in federal funding to match private investments in commercial-scale advanced drop-in biofuels.

The Energy Department is also announcing a total of $32 million in new investments for earlier stage research that will continue to drive technological breakthroughs and additional cost reductions in the industry.

Full Story: http://energy.gov/articles/obama-administration-announces-new-investments-advance-biofuels-industry-and-enhance