Navy expects affordable biofuels by 2016

August 8, 2013 |

In Washington, the Navy says that biofuels prices are becoming more affordable faster than expected, thanks to cooperation with the DOE and USDA, with 2016 seen as a likely date for biofuels availability in commercial quantities. Recent contracts have been awarded for 170 million gallons of biofuel at $4 a gallon for 2016, much lower than the $26 per gallon that attracted negative attention from Congress and a push to limit the military’s ability to purchase biofuels.

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Category: Policy

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