April 15, 2014
The Energy Department today 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.
The Energy Department’s Office of Energy Efficiency and Renewable Energy accelerates development and deployment of energy efficiency and renewable energy technologies and market-based solutions that strengthen U.S. energy security, environmental quality, and economic vitality. Learn more about EERE’s work with industry, academia, and national laboratory partners on a balanced portfolio of research in biomass feedstocks and conversion technologies.