By Kenny Walter, R&D.
The U.S. Department of Energy (DOE) is investing about $80 million on a selection of 36 research and development bioenergy projects that will enable cost-competitive, drop-in renewable hydrocarbon fuels, bio-based products and power from non-food biomass and waste feedstocks.
The goal of the funding is to reduce the cost of bio-based drop-in fuels to $3 per gallon by 2022.
“The selections announced today highlight some of the most innovative and advanced bioenergy technologies that have the potential to produce new sources of reliable and affordable energy for American families and businesses,” U.S. Secretary of Energy Rick Perry said in a statement. “Developing all of our domestic energy resources is critical to keeping our nation prosperous and secure.”