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DOE's $564M Biorefinery Investment

Mon, 12/21/2009 - 12:46pm
JIM LANE, Biofuels Digest

Reaction continues to pour in regarding the 19 advanced biorefinery projects that received $564 million in federal support in a DOE/USDA announcement on Friday.

The report was the subject of a special Biofuels Digest news bulletin late Friday morning, which detailed the 19 grant recipients, grant ammounts, non-federal funds in the projects, and project descriptions. The funding represents the largest single federal investment in advanced biorefineries to date.

"This unprecedented investment by DOE and USDA shows how important advanced biofuels and biobased chemicals are to the economic and energy security of the country," said Jim Greenwood, President and CEO of BIO.

A recent report by Bio Economic Research Associates (bio-era™), U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030, found that advanced biorefineries could create 29,000 new jobs and $5.5 billion in economic growth over the next three years – and over 800,000 new jobs throughout the economy by 2022.

"Along with biofuels, renewable chemicals, plastics, and polymers are critical to the development of a sustainable domestic manufacturing sector," added Executive Vice President of BIOs Industrial and Environmental Section Brent Erickson. "These grants will help pioneering companies such as Algenol Biofuels, Amyris Biotechnologies, Elevance Renewable Sciences, Myriant Technologies (BioEnergy International) , Solazyme, and ZeaChem to attract the capital necessary to commercialize their innovative technologies. The funding could not come at a better time."

Here are some local reports and releases regarding selected projects receiving grants:

For more information, visit www.biofuelsdigest.com.

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