Investor Interest in U.S. Biofuel Production Set to Soar
On 16 August President Obama announced that the U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million by 2014 in partnership with the private sector to produce advanced “drop-in” aviation and maritime biofuels for military and commercial use. This builds on a directive Obama issued five months ago as part of his “Blueprint for A Secure Energy Future,” his administration’s policy for reducing U.S. dependence on foreign oil imports, which now cost more than $300 billion.
The plan envisages the three federal departments to invest a total of up to $510 million, which will require
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The plan envisages the three federal departments to invest a total of up to $510 million, which will require
Read more...
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