Monday, February 1, 2010

Biorefinery Projects On Track

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If you’re worried that the United States’ energy sector is ailing, be apprised that the biofuel industry just got a major shot in the arm. Last Friday, the US government announced that 19 biorefinery projects will receive up to $564 million from the American Recovery and Reinvestment Act, the Financial Times has reported. According to US Department of Energy Secretary Steven Chu and Agriculture Secretary Tom Vilsack, the money will go toward the construction and operation of pilot, demonstration, and commercial facilities across 15 states. Such ambitious funding of biorefineries is part of a broader federal effort to reduce the United States’ dependence on foreign oil, spur the creation of the domestic biofuel industry, and create jobs in rural areas of the country, which have suffered greatly since the recession of late 2007.

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