DOE Announces $17.5 Million in Biofuels R&D Grants in St. Louis
What happened
The Department of Energy and the USDA hosted a renewable energy conference in St. Louis. During the event, $17.5 million in grants for biofuels research and development was announced. These funds are designated for 17 projects, including developing commercial corn hybrids for cellulosic biomass and doubling switchgrass yield by 2020.
From agwired.com
Why it matters
The grants provide direct funding for the research and production of alternative fuels. A speaker stated that ethanol costs about $1.10 per gallon and will remain competitive with gasoline as long as oil prices do not drop below $30 per barrel.
From agwired.com
Who's involved
- Department of EnergyHosted the renewable energy conference and announced the grant funding.
- St. LouisLocation where the renewable energy conference was held.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Department of EnergySpeculative
The Department of Energy might see increased investment in cellulosic ethanol research and development.
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The entities involved
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St. Louis
independent city in Missouri, United States
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Department of Energy
Tamil Nadu