The Obama Administration has announced new funding will be available to further advance the availability of biofuel technologies. Funding from the U.S. Department of Agrulculture (USDA), the U.S. Department of Energy (DOE) and the U.S. Navy will be matched to private investments in commercial-scale drop-in biofuels.
Funding will also be made available for early-stage research of new biofuels and technologies to reduce production costs of the fuels.
A two-phase approach has been put into place in order for applicants to receive funding. Phase 1 consists of applicants submitting a design package and comprehensive business plan for commercial-scale biorefinery. Those selected to move on to Phase 2 will be asked to submit information on the construction or retrofitting of a biorefinery.
Read the full press release about this new funding opportunity and how to apply.