Jul 2, 2013 - The US Department of Energy (DOE) on Monday said it would grant about USD 13 million (EUR 10m) to four biofuels research and development (R&D) projects.
The four pilot projects that will share the funding are situated in the states of Oklahoma, Tennessee, Utah and Wisconsin. Ceramatec will receive up to USD 3.3 million for its refinery in Utah that will use a technology to separate oxygen from bio-oil. Oak Ridge National Laboratory in Tennessee will be entitled to get up to USD 2.1 million of the grant, while the University of Oklahoma and Wisconsin-based biofuel firm Virent Inc will each get USD 4 million.
The R&D projects will aim to cut the cost of making petrol, diesel and jet fuels from biomass. According to the DOE, hydrocarbon-based biofuels from non-food feedstocks, waste materials and algae can be used as an alternative to petrol and other fuels. The agency aims to lower the cost for drop-in biofuels production to USD 3 per gallon (3.8 lt) by 2017.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.