The Energy Department has announced up to $10 million in funding to advance the production of advanced biofuels, substitutes for petroleum-based feedstocks, and bioproducts made from renewable, non-food-based biomass, such as agricultural residues and woody biomass. This supports the department’s efforts to make drop-in biofuels more accessible and affordable, as well as meet the cost target equivalent of $3.00 per gallon of gasoline by 2022.
The Energy Department encourages industry to invest in the production of cost-competitive, advanced biofuels and bioproducts from renewable, abundant biomass. Advancing and commercializing cost-competitive biofuels will help the department work toward its goal of reducing current petroleum consumption in the United States by approximately 30%, and, in turn, enhance U.S. national security and reduce carbon emissions. For more information and application requirements, visit the Funding Opportunity Exchange website.