The Energy Department today announced up to $10 million in funding to advance the production of advanced biofuels, substitutes for petroleum-based feedstocks and bioproducts made from renewable, non-food-based biomass, such as algae, agricultural residues, and woody biomass. This work supports the Energy Department’s efforts to make drop-in biofuels more accessible and affordable, as well as to meet the cost target equivalent of $3 per gallon of gasoline by 2022.
The Energy Department encourages industry to invest in the production of cost-competitive, advanced biofuels and bioproducts from renewable, abundant biomass. Advancing and commercializing cost-competitive biofuels will help the Energy Department work toward its goal of reducing current petroleum consumption in the United States by approximately 30%, and, in turn, enhance U.S. national security and reduce carbon emissions.
The funding announced today will support projects in two topic areas: Topic Area 1 awards (anticipated at 2–4 selections) will range from $1–$2 million and focus on the development of novel, non-incremental technologies that facilitate the goals of the Algae Program, but are not represented in a significant way in the current Algae Project Portfolio. Topic Area 2 awards (anticipated at 3–6 selections) will range from $1–$2 million and will focus on the development of novel, non-incremental technologies that facilitate the goals of BETO, but are not represented in a significant way in the current Terrestrial Feedstocks Supply and Logistics Program or the Conversion Technologies Program.
Learn more information about this funding opportunity and application requirements at theEERE Exchange website. An informational webinar for potential applicants will take place on September 2, 2015, at 1 p.m. Eastern Daylight Time.