US Government to invest $510M in advanced, drop-in biofuels

Biofuels Digest
Jim Lane August 16, 2011 77

US announces historic investment to jump-start “drop-in” biofuels at commercial scale.
Jet fuel, diesel in focus — USDA, DOE, USN to share tab, and leverage private investment
The US seeks to definitively break its addiction on imported oil.

In Washington, President Obama today announced that the U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million during the next three years in partnership with the private sector to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation.

The initiative responds to a directive from President Obama issued in March as part of his Blueprint for A Secure Energy Future, the Administration’s framework for reducing dependence on foreign oil.

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