This is an excerpt from EERE Network News, a weekly electronic newsletter.
Energy Department Announces $10 Million for Biofuels Technologies
The Energy Department on April 15 announced up to $10 million in funding to advance the production of advanced biofuels, substitutes for petroleum-based feedstocks, and bioproducts made from renewable, non-food-based biomass, such as agricultural residues and woody biomass. This supports the Department’s efforts to make drop-in biofuels more accessible and affordable, as well as meet the cost target equivalent of $3.00 per gallon of gasoline by 2022.
The Energy Department encourages industry to invest in the production of cost-competitive, advanced biofuels and bioproducts from renewable, abundant biomass. Advancing and commercializing cost-competitive biofuels will help the Department work toward its goal of reducing current petroleum consumption in the United States by approximately 30%, and, in turn, enhance U.S. national security and reduce carbon emissions. See the Energy Department news release.