Danforth-led algae biofuel research wins $44M in stimulus

MSN Money.com
January 13, 2010 1:14 PM ET

Research efforts led by the Donald Danforth Plant Science Center to turn algae into renewable energy got a $44 million boost Wednesday.

U.S. Department of Energy Secretary Steven Chu announced Wednesday the investment of $78 million in federal stimulus money for advanced biofuels research and fueling infrastructure that will help support the development of a clean sustainable transportation sector.

The National Alliance for Advanced Biofuels and Bioproducts, led by the Danforth Center, is getting $44 million of that to commercialize algae into a biofuel.

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