28 May '13, 5pm

DoD awards $16M Towards Parity-cost, Drop-in, Non-food Biofuels

In Washington, the DoD will award three contracts totaling $16 million to Emerald Biofuels, Natures BioReserve and Fulcrum Biofuels for drop-in military biofuels, according to Sharon Burke, assistant secretary of defense for operational energy, who relayed the news initially to Bloomberg. Under the grants, the companies will develop plans for up to 150 million gallon biorefineries that will cost the U.S. military less than $4 per gallon. The biorefineries are expected to supply aviation and marine diesel fuel. The grants will be matched by $17 million in investments by the companies, which have proposed making biofuels primarily from oil seed crops and waste residues. The overall Defense Production Act Title II program is divided into two phases: this phase, for plan development. A second phase, which would be funded out of FY 2013 and later year funds, would award up to $...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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