President Obama creates $50 million funding for consortium – demonstration of algae biofuels is goal

Secretary of Energy Steve Chu announced a $110 million in funding for fundamental research in key program areas. The Biomass Program plans to use $110 million to support fundamental research in key program areas, distributed in the following manner:

•    Expand the resources available for sustainability research through the Office of Science Bioenergy Research Centers and establish a user-facility/small-scale integrated pilot plant ($25 million)
•    Create an advanced research consortium to develop technologies and facilitate subsequent demonstration of infrastructure-compatible biofuels through a competitive solicitation ($35 million)
•    Create an algal biofuels consortium to accelerate demonstration of algal biofuels through a competitive solicitation ($50 million).

The announcement came as part of a series of Administration announcements on the Renewable Fuel Standard, the Energy tyitle in the Farm Bill, and investments in energy research & development.

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