U.S. sinks $22 million into new biofuels research

Aug. 2, 2013 at 6:36 AM
| License Photo

WASHINGTON, Aug. 2 (UPI) -- The U.S. Energy Department is teaming up with the energy industry and research institutes to help make biofuels competitive with gasoline, its leader said.

Energy Secretary Ernest Moniz said the government is looking for ways to increase energy security and reduce greenhouse-gas emissions by advancing a low-carbon economy.

The transportation sector in the United State accounts for nearly 60 percent of domestic oil consumption and 30 percent of overall emissions.

Moniz said the department was rolling out $22 million in new investments for researchers and industry groups to make biofuels competitive with gasoline.

"By partnering with industry and universities, we can help make clean, renewable biofuels cost-competitive with gasoline, give drivers more options at the pump and cut harmful carbon pollution," he said Thursday.

Energy trade groups have said they're concerned about long-term problems for vehicle performance with ethanol blends in gasoline.

The Energy Department said the research projects outlined by Moniz could bring cost-competitive solutions for biofuels and algae-based fuels available to consumers by 2017 and 2022, respectively.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
JetBlue first major airline to offer direct New York to Cuba flights
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue