Will there be enough feedstock to support a massive biofuel boom? It sure seems possible, 'cause Pike Research predicts that the value of the biofuels industry could double in the next ten years, depending on the emergence of advanced feedstocks.
Let's create jobs while concurrently expanding the U.S. output of advanced biofuels, says Department of Agriculture Secretary Tom Vilsack.
Advanced, drop-in biofuels seem to be all the rage. Perhaps that's why the United States Departments of Agriculture and Energy, along with the U.S. Navy, have announced the next step in creating a public-private partnership to develop and commercialize them.
To support President Obama's goal of reducing America's oil imports by a third by 2025, the U.S. Department of Energy (DOE) announced that it will accept applications for $12 million in funding for laboratory or small pilot-scale projects aimed at developing advanced biofuels. Successful projects will focus on technologies that enable biofuels to directly replace gasoline, diesel or jet fuels without modifications to vehicles or to the fueling infrastructure.