November 20, 2009

US agencies dole out biomass grants

It's always nice to hear our tax money going to something (hopefully) useful.

This one is a $24m grant from the US Department of Energy (DOE) and Department of Agriculture (USDA) being given to companies that are develop technologies to produce biofuels, bioenergy and high-value biobased products using biomass as feedstock.

The awardees must contribute a minimum of 20% of matching funds for R&D projects and 50% of matching funds for demonstration projects. For biobased products and biofuels development, companies selected include GE Global Research, Gevo, Itaconix, Yenkin-Majestic Paint Corporation, and Velocys.

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