facebook
twitter
rss
account
search
search
 

U.S. investing more in biofuels research

U.S. sends $6.3 million to research institutions.
By Daniel J. Graeber   |   July 16, 2014 at 8:48 AM   |   Comments

| License Photo
WASHINGTON, July 16 (UPI) -- The U.S. Energy Department said it was spending $6.3 million on research aimed at generating a biofuel that could be cost competitive by 2017.

SRI International of California and Research Triangle Institute of North Carolina received funding from the Energy Department for research and development projects meant to drive down the cost of producing gasoline, diesel and jet fuels from biomass.

The funding is part of an effort to make biofuels competitive with regular fuels. The Energy Department said it wants to produce a drop-in biofuel that would cost about $3 per gallon by 2017.

Data from 2011 show some biofuels were close to the point at which they'd be competitive with regular fuels.

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 States accounts for nearly 60 percent of domestic oil consumption and 30 percent of overall emissions.

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Gas ball in Ukraine's court, Kremlin says Gas ball in Ukraine's court, Kremlin says
2
Navy orders more Block IV Tomahawk cruise missiles Navy orders more Block IV Tomahawk cruise missiles
3
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
4
Babcock conducting refit, maintenance of mine-hunter vessel Babcock conducting refit, maintenance of mine-hunter vessel
5
First A-29 rolls off Florida assembly line for USAF program First A-29 rolls off Florida assembly line for USAF program
Trending News
x
Feedback