It would seem, despite the inability of the cellulosic ethanol industry to produce an economically viable product to date, that it remains this Administration’s answer to coming liquid fuel shortages. Last week President Obama announced that $510 million from the Government, would be invested in biofuels, with an equal amount of private funding.
The U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million during the next three years, in partnership with the private sector, to produce advanced drop-in aviation and marine biofuels for military and commercial transportation, President Barack Obama announced today…
Keywords: bio-based jet fuel, bio-diesel, bio-ethanol, cellulosic ethanol, Jatropha, Mali, Ghana
Source: Oilprice.com, 2011-09-01.