Energy Department Pumps $22 Million into New Biofuel Projects

The U.S. Department of Energy (DOE) has announced over $22 million in new investments to help develop algae fuels and streamline the biomass feedstock supply chain for advanced biofuels.

The DOE says the research projects build on its broader efforts to bring next-generation biofuels online, with the goal of producing cost-competitive drop-in biofuels by 2017 and algae biofuels by 2022.

The department announced nearly $16.5 million to four projects in California, Hawaii and New Mexico aimed at breaking down technical barriers and accelerating the development of algae biofuels. In addition, the DOE says it is investing nearly $6 million in a new project led by Columbus, Ohio-based FDC Enterprises to reduce harvesting, handling and preprocessing costs across the entire biomass feedstock supply chain.

To learn more about the projects, click HERE.

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