http://www.biodieselmagazine.com/articles/191496/us-doe-announces-up-to-25m-to-reduce-costs-of-algal-biofuels
US DOE announces up to $25M to reduce costs of algal biofuels
By U.S. DOE | September 30, 2014
In support of President Obama’s all-of-the-above energy strategy, the
U.S. Department of Energy announced on Sept. 30 up to $25 million in
funding to reduce the cost of algal biofuels to less than $5 per
gasoline gallon equivalent (gge) by 2019. This funding supports the
development of a bioeconomy that can help create green jobs, spur
innovation, improve the environment, and achieve national energy security.
Algae biomass can be converted to advanced biofuels that offer promising
alternatives to petroleum-based diesel and jet fuels. Additionally,
algae can be used to make a range of other valuable bioproducts, such as
industrial chemicals, biobased polymers, and proteins. However, barriers
related to algae cultivation, harvesting, and conversion to fuels and
products need to be overcome to achieve the department’s target of $3
per gge for advanced algal biofuels by 2030. To accomplish this goal,
the department is investing in applied research and development
technologies that achieve higher biomass yields and overall values for
the algae.
The funding announced today will support projects in two topic areas:
Topic Area 1 awards (anticipated at 1-3 selections) will range from
$5-10 million and focus on the development of algae cultures that, in
addition to biofuels, produce valuable bioproducts that increase the
overall value of the biomass. Topic Area 2 awards (anticipated at 3-7
selections) will range from $0.5–1 million and will focus on the
development of crop protection or carbon dioxide utilization
technologies to boost biomass productivity in ways that lead to higher
yields of algae.
Learn more about this funding opportunity here.
(https://eere-exchange.energy.gov/#FoaId561a56f3-f75c-4edc-b9f2-074b6fc76a13)
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