Federal grants for biofuels projects help cultivate California companies

Los Angeles Times Business
December 4, 2009 2:42 pm

The federal government this morning announced it will hand out $600 million for next-generation biofuels projects, including those being developed by several California companies.

“Advanced biofuels are critical to building a cleaner, more sustainable transportation system in the U.S.,” Secretary of Energy Steven Chu said in a statement. “These projects will help establish a domestic industry that will create jobs here at home and open new markets across rural America.”

Second-generation biofuels produce ethanol, diesel and jet fuel from wood waste, nonfood crops, algae and other feedstocks. San Diego in particular has become a hotbed for companies developing biofuel from algae.

Read the full story