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Markets :: Alternative Fuels :: Bioethanol
DOE to Make up to $385-Million Investment in Six Biorefinery Projects
12:50 PM MDT | July 24, 2007 | Michelle Bryner
The U.S. Department of Energy (DOE) says it will invest up to $385 million to fund six biorefinery projects over the next four years. The projects are expected to produce more than 130 million gal/year of cellulosic ethanol for transportation fuels, electricity, and other products. “This production will help further President Bush’s goal of making cellulosic ethanol cost-competitive with gasoline by 2012, and, along with increased automobile fuel efficiency, reduce America’s gasoline consumption by 20 percent in 10 years,” DOE says. The...
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