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.
Biofuels Digest – Jim Lane
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. Continue reading US Government to invest $510M in advanced, drop-in biofuels