The U.S. Department of Energy (DOE) announced June 28 the investment of up to $24 million for three research groups to tackle key hurdles in the commercialization of algae-based biofuels. The selections will support the development of a clean, sustainable transportation sector-a goal of the Department's continued effort to spur the creation of the domestic bio-industry while creating jobs.
"Partnerships such as these focus the creative powers of the public, private and academic sectors on key challenges facing the development of renewable energy for transportation," said Assistant Secretary for Energy Efficiency and Renewable Energy Cathy Zoi. "The United States must find effective ways to hasten the development of technologies for advanced biofuels made from algae and other renewable resources to reduce our need for foreign sources of oil." Zoi made the announcement while speaking June 28 at the Biotechnology Industry Organization (BIO) 2010 World Congress on Industrial Biotechnology and Bioprocessing.
The consortia consist of partners from academia, national laboratories and private industries that are based across the country, broadening the geographic range and technical expertise of DOE partners in the area of algal biofuels. Projects are expected to continue for a period of three years. Together, they represent a diversified portfolio that will help accelerate algal biofuels development with the objective of significantly increasing production of affordable, high-quality algal biofuels that are environmentally and economically sustainable.