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US Government Picks 19 Biofuel Projects to Get $564 Million

December 7th, 2009 | No Comments | Posted in Algae-Energy-Investments

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The U.S. government on Friday said 19 biofuel refinery projects have been selected to receive up to $564 million to enhance the development of advanced biofuels using biomass feedstocks.

The funding includes $25 million to Honeywell’s UOP subsidiary, $24.8 million to Archer Daniels Midland, $21.8 million to Solazyme and $50 million to Sapphire Energy.

The government said of the nearly $564 million in funding, up to $483 million will go to 14 pilot-scale and four demonstration-scale biorefinery projects across the country.

The remaining $81 million will focus on the construction of Bluefire LLC’s biorefinery project previously awarded funding. The facility will produce ethanol fuel from woody biomass, mill residue, and sorted municipal solid waste.

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