$62 Million Government Funding for Advanced Biofuels in U.S.

Submitted by Albert Gomez

waste-management-world.com - July 3rd, 2012

The U.S. Government is to make new funding available to pursue innovations in biofuel technologies that utilise non-food biomass feedstocks, waste based materials and algae to increase production of U.S. biofuels, and strengthen American energy security.

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

In addition, the Energy Department is making a total of $32 million in new investments for earlier stage research that it is hoped will continue to drive technological breakthroughs and additional cost reductions in the industry.

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