Recovery Act Announcement: Secretary Chu Announces Nearly $80 Million Investment for Advanced Biofuels Research and Fueling Infrastructure January 13, 2010 U.S. Department of Energy Secretary Steven Chu today announced the investment of nearly $80 million under the American Recovery and Reinvestment Act for advanced biofuels research and fueling infrastructure that will help support the development of a clean sustainable transportation sector. The selections announced today—two biofuels consortia for up to $78 million to research algae-based and advanced biofuels—are part of the Department's continued effort to spur the creation of the domestic bio-industry while creating jobs. "Advanced biofuels are crucial to building a clean energy economy," said Secretary Chu. "By harnessing the power of science and technology, we can bring new biofuels to the market and develop a cleaner and more sustainable transportation sector. This investment will help spur the creation of the domestic bio-industry, while creating jobs and reducing our dependence on foreign oil." Full story

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