USDA DoE grant $ 47m in R&D funding

USDA and DoE grant $ 47m in R&D funding

12:36 PM, 11th May 2011
USDA and DoE grant $ 47m in R&D funding
Tom Vilsack, Agriculture Secretary.

 

WASHINGTON DC, US: The US Department of Energy (DoE) and the US Department of Agriculture (USDA) started a new $ 47 million (€ 32.7 million) grant programme. The new R&D grants, which are part of the Obama Administration’s aim to address the rising costs of fuel, will support the generation of energy from biomass.

The funding will help finance a total of eight projects dedicated to the production of biofuels, bioenergy and other bio-based products from biomass-derived sources.

“Permanently reducing our dependence on foreign oil and getting a handle on out of control gas prices will require our brightest scientists, our smartest companies and strategic investments in research. The project that we are announcing will spur innovation in bioenergy by development renewable resources that produce energy more efficiently and do so in a sustainable way,” said Tom Vilsack, Agriculture Secretary.

“Advances made through this research will help boost rural economies by developing and testing new processing facilities and profitable, energy-rich crops that US farmers and foresters will grow,” he adds.

In addition to limiting the nation’s reliance on fossil fuels, the additional biofuel produced through these eight projects is expected to be 50 per cent less greenhouse gas emitting that its fossil-based alternatives. The projects are funded through the Biomass Research and Development Initiative. The USDA’s National Institute of Food and Agriculture (NIFA) and the DoE’s Biomass Programme are providing the funding.

Beneficiaries need to come up with at least 20 per cent in matching funds for R&D projects, in addition to a further 50 per cent in matching funds for demonstration-scale developments.

© WOC News

 

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