DOE Secretary Chu Pladges Almost $800 Million in Economic Recovery Funds to Accelerate Biofuels Research and Commercialization, Create Green Jobs, and

Grainnet.com
Date Posted: May 5, 2009

Washington, DC—As part of the ongoing effort to increase the use of domestic renewable fuels, U.S. Secretary of Energy Steven Chu announced May 5 plans to provide $786.5 million from the American Recovery and Reinvestment Act to accelerate advanced biofuels research and development and to provide additional funding for commercial-scale biorefinery demonstration projects.

"Developing the next generation of biofuels is key to our effort to end our dependence on foreign oil and address the climate crisis -- while creating millions of new jobs that can't be outsourced," Secretary Chu said.

"With American investment and ingenuity -- and resources grown right here at home -- we can lead the way toward a new green energy economy."

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