US government to forge private partnerships for advanced drop-in biofuels

Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Three US government agencies have pledged to invest up to $510 million in conjunction with private partners on drop in aviation and marine biofuels to power military and commercial transportation.

Revealed on 16 August the Departments of Agriculture, Energy and Navy said they are seeking "substantial cost share from industry - of at least a one to one match".

The new initiative stems from a directive issued by the administration of US President Barack Obama in March of this year dubbed "Blueprint for A Secure Energy Future."

"To accelerate the production of bio-based jet and diesel fuel for military and commercial purposes, Secretary of Agriculture Tom Vilsack, Secretary of Energy Steven Chu, and Secretary of the Navy Ray Mabus have developed a plan to jointly construct or retrofit several drop-in biofuel plants and refineries," said the US Department of Agriculture.

Added Energy Secretary Chu: "These pioneer plants will demonstrate advanced technologies to produce infrastructure-compatible, drop-in renewable fuels from America's abundant biomass resources."