Ag and Energy Departments Fund Biofuels Research

Ag and Energy Departments Fund Biofuels Research

Projects will be required to provide matching funds.

The Departments of Agriculture and Energy will provide more than $24 million in grants to research and develop technologies to produce biofuels, bioenergy and high-value biobased products. DOE will invest up to $4.9 million and USDA will contribute up to $19.5 million to advance biofuels expected to reduce greenhouse gas emissions by at least 50%.

 

In making the announcement, Ag Secretary Tom Vilsack said that innovation is crucial to the advancement of alternative, renewable energy sources. Energy Secretary Steven Chu said that these projects will help make bioenergy production from renewable resources more efficient, cost-effective and sustainable, while benefiting rural economies.

 

A minimum of 20% of matching funds for research and development projects and 50% of matching funds for demonstration projects must be contributed by the selected projects. USDA's National Institute of Food and Agriculture and DOE's Biomass Program will provide the funding to projects aimed at increasing the availability of alternative fuels and biobased products that are produced from a diverse group of renewable sources of biomass.

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