The DOE is getting ready to spend $85 billion on research to create biofuels made from algae and other advanced techniques. The American Recovery and Reinvestment Act funds will be made available "for the development of algae-based biofuels and advanced, infrastructure-compatible biofuels" that can be brought "to market in an accelerated timeframe."

Interestingly, wiht this announcement, the DOE says it is not looking to fund any sort of cellulosic ethanol. Instead, the biofuels that the DOE is hopes to help create include aviation fuel, green gasoline and green diesel. Biofuels made from algae are high on the DOE's funding hitlist, as are bio-based replacements for traditional hydrocarbon fuels. More details are available here.

[Source: DOE]
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