National Algae Association Applauds DOE Funding for Advanced Biofuels
To support the goal announced by President Obama on March 30, 2011 to reduce America’s oil imports by one-third by 2025, the U.S. Department of Energy announced that it will be accepting applications for $12 million in funding for laboratory or small pilot-scale projects that support the development of advanced biofuels. Successful projects will develop technologies that will be able to replace refinery feedstocks or directly replace gasoline, diesel, or jet fuels without requiring modifications to vehicles or fueling infrastructure. These projects will continue to accelerate innovations in the renewable biofuels industry as part of the Obama Administration’s efforts to build a cleaner, safer, and more secure energy future for America that ultimately breaks our dependence on foreign oil and moves our nation toward a clean energy economy that creates jobs and boosts U.S. competitiveness. The funding opportunity will provide up to $12 million over the next three to four years to support as many as five projects. These investments are for research and development of technologies that will support the production of gasoline, diesel, and/or jet fuels from biomass. The National Algae Association is pleased that the funding will help move the algae biofuels to the next level.
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