USDA, DOE and US Navy to invest up to $510M over next 3 years to build out drop-in biofuel production capacity for military and commercial transportation
Green Car Congress
AUGUST 16, 2011
The United States spends more than $300 billion on imported crude oil per year, the three Departments noted in their Memorandum of Understanding (MoU) on the joint initiative. Enhanced reliability of fuel supplies through diversification to advanced drop-in biofuels is also essential to sustain the U.S. —Navy Secretary Ray Mabus.
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