photo: Aurora Biofuels
In the Los Angeles Times on Friday, I write about the Obama administration’s move to issue $600 million in grants for biofuel refinery pilot projects. California startups grabbed a fair share of the money:
The federal government this morning announced it will hand out $600 million for next-generation biofuels projects, including those being developed by several California companies.
“Advanced biofuels are critical to building a cleaner, more sustainable transportation system in the U.S.,” Secretary of Energy Steven Chu said in a statement. “These projects will help establish a domestic industry that will create jobs here at home and open new markets across rural America.”
Second-generation biofuels produce ethanol, diesel and jet fuel from wood waste, nonfood crops, algae and other feedstocks. San Diego in particular has become a hotbed for companies developing biofuel from algae.
Sapphire Energy, based in San Diego, will receive $50 million from the Department of Energy for the construction of a pilot biofuel facility in Columbus, N.M. Algae grown in ponds will be transformed into jet fuel and diesel. The company also scored a $54.5-million loan guarantee from the Department of Agriculture to build the New Mexico project.
You can read the rest of the story here.