Obama Funds Biofuels Projects for Ships, Planes – University of Copenhagen

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13 October 2011

Obama Funds Biofuels Projects for Ships, Planes

President Obama has presented a $510 million federal investment program to help develop advanced biofuels that can be used by commercial and military ships and airplanes.

The White House said the Departments of Agriculture, Energy and Navy will spend the money in partnership with private sector developers over the next three years. Each department will allocate $170 million to the program.

Were partnering with the private sector to speed development of next-generation biofuels that will help us continue to take steps towards energy independence and strengthen communities across our country, Obama said.

Read the full story on Journal of Commerce