US Energy Department to allocate $118 mln to biofuels projects

World
2023-01-26 | 10:27
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
US Energy Department to allocate $118 mln to biofuels projects
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
US Energy Department to allocate $118 mln to biofuels projects

The US Department of Energy (DOE) on Thursday will announce over $100 million in funding to expand US biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals, the department told Reuters.

The department plans to award $118 million to 17 projects designed to accelerate the production of biofuels, which can be made from biomass including agricultural waste, soybean oil and animal fats. The funds add to the more than $500 million the DOE has put into bioenergy and biorefinery research and development over the past two years, the department said.

President Joe Biden has made it a key tenet of his term to set the United States on track to reduce carbon emissions in the fight against climate change. Biden has set a goal of net-zero emissions by 2050.

The DOE's funding includes awards to universities and private companies ranging from $500,000 to $80 million for various pre-pilot, pilot and demonstration projects, the department said. The projects are expected to eventually create millions of gallons of lower-carbon fuel annually.

"DOE investments are helping to build out a domestic bioenergy supply chain that increases America's energy independence, creates jobs, and accelerates the adoption of cleaner fuels for our transportation needs," said US Secretary of Energy Jennifer M. Granholm.

The projects will create jobs across nine states, the DOE added.

About 16.8 billion gallons of biofuels were consumed in the United States in 2021, according to the US Energy Information Administration. That compares to the about 134.83 billion gallons of motor gasoline that were consumed in the same year.

The Biden administration has said biofuels will be needed to lower emissions, including in the aircraft industry with lower-carbon sustainable aviation fuel.

Reuters

World

US

Department of Energy

DOE

Funding

Expand

Biofuel

Production

Energy

Cut

Greenhouse

Gas

Emissions

Environment

Joe Biden

Net-Zero

Project

LBCI Next
Russia launches wave of missiles at Ukraine after Kyiv secures tanks
Missile hit Turkish-owned ship in Ukraine's Kherson port
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More