The U.S. Department of Energy (DOE) is delivering $64.7 million in funding for 22 projects focused on producing cost-effective, low-carbon biofuels for the transport industry.
Biofuels, which are produced by converting the renewable carbon from recently living organic materials such as crop waste, food waste and algae into a liquid fuel, can serve as a low-carbon equivalent to fossil-based fuels such as gasoline, jet and diesel fuel. These investments will advance technologies to create replacements for petroleum fuels used in heavy-duty forms of transportation, such as airplanes and ships.
DOE also signed a memorandum of understanding with the U.S. Department of Transportation and U.S. Department of Agriculture to collaborate on the necessary research, development, and demonstration to supply at least 3 billion gallons of sustainable aviation fuels (SAF) per year by 2030 and enough SAF to meet 100 percent of aviation fuel demand — currently 35 billion gallons per ye