Senator Coons today praised President Obama’s announcement of a partnership between the U.S. Departments of Agriculture, Energy and Navy to invest up to $510 million over the next three years to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation.
“If we’re going to shake our nation’s dependence on foreign oil, we’ve got to support emerging alternative energy sources like biofuels,” Senator Coons said. “We hear a lot about the enormous potential biofuels have not only for diversifying our energy consumption but for creating jobs across the country, so it’s important that our actions match our rhetoric and that our government leads the way. But it’s just as important that the private sector keep pace, which is why this creative plan is important.”
The plan, which you can download as a PDF here, calls for the Department of Energy to invest in the technology necessary for producing biofuels, while the Department of Agriculture takes steps to ensure that biofuel production doesn’t harm the food supply. The Navy will use the new biofuels in its fleet.
You can read more about the announcement here in Politico.