Investing in Advanced Biofuels to Create Jobs

[admin]

Investing in Advanced Biofuels to Create Jobs
Posted by Secretary Tom Vilsack and Secretary Ray Mabus on August 17, 2011 at 3:56 PM EDT

Yesterday, President Obama announced that our Departments will jointly invest $510 million over the next three years to develop the domestic capacity for advanced biofuels. The funds will be leveraged with at least a one-to-one private industry match to construct or retrofit advanced biofuel plants to produce drop-in aviation and marine biofuels that will power our military’s ships and aircraft and our commercial transportation fleet. For the first time, our Departments’ efforts have been put behind a single project to help create the new energy future and new energy economy set out in the President’s Blueprint for a Secure Energy Future (pdf) issued this March.

http://www.whitehouse.gov/blog/2011/08/ ... reate-jobs