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