Published April 26, 2013
The US Energy Department has given partial funds of around $18m for four innovative pilot-scale biorefineries to produce alternative fuels for cars, trucks, and planes in the states of California, Iowa and Washington. The funded companies are Frontline Bioenergy with $4.2m, Cobalt Technologies with$2.5m, Mercurius Biorefining with $4.6m and BioProcess Algae with $6.4m reported in the post the “US Energy Department allots $18m towards bio-fuel production program“.
Energy Business Review news share offered the pilot is to include the “production of bio-fuel from non-food biomass, waste materials, and algae, creating cost-effective replacement to existing petroleum-based fuels.”
“Energy Secretary Steven Chu noted: “The innovative biorefinery projects announced today mark an important step toward producing fuels for our American military and the civil aviation industry from renewable resources found right here in the United States.””
The issue is can the companies produce the technologies as specified. Funding innovation without the structure to succeed produces irreparable to the green industry. Oil and gas or coal is not defunded or in risk when failures occur. The role of Government is to support technologies innovation that are tested in stages to determine gaps and identify the needed steps for successful roll out of these technologies. Every failure becomes a “Greengate” blemish on the industry.
By Dr. Tyra Oldham