March 01, 2007

DOE Selects Six Cellulosic Ethanol Plants for Funding
U.S. Department of Energy (DOE) Secretary Samuel W. Bodman announced on February 28 that DOE will invest up to $385 million for six biorefinery projects over the next four years to help bring cellulosic ethanol to market and help revolutionize the industry.  When fully operational, the biorefineries are expected to produce more than 130 million gallons of cellulosic ethanol per year.  This production will help further President Bush’s goal of making cellulosic ethanol cost-competitive with gasoline by 2012 and, along with increased automobile fuel efficiency, reduce America’s gasoline consumption by 20 percent in ten years.