As part of the Obama Administration's comprehensive plan to address rising gas prices, US Agriculture Secretary Tom Vilsack and Energy Secretary Steven Chu announced on May 5 a total of US$ 47 million to fund eight research and development projects that will support the production of biofuels, bioenergy and high value biobased products from a variety of biomass sources.
The aim of these investments in clean, sustainable transportation fuels is to help reduce US oil imports, support economic development in rural America, create clean energy jobs for US workers and protect American families and businesses from future spikes in gas prices. The advanced biofuels produced through these projects are also expected to reduce greenhouse gas emissions by at least 50% compared to fossil fuels.
The projects are funded through the Biomass Research and Development Initiative and will help increase the availability of alternative renewable fuels and biobased products to diversify the nation's energy resources. Funding is provided through USDA's National Institute of Food and Agriculture (NIFA) and DOE's Biomass Program.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/10052011/biofuels_grants_awarded_to_projects_in_us/