U.S. Department of Energy to Invest up to $33.8 Million to Further Development of Commercially Viable Renewable Fuels
ORLANDO, FL – U.S. Department of Energy (DOE) Assistant Secretary for Energy Efficiency and Renewable Energy Andy Karsner today announced that DOE will invest up to $33.8, over four years, (Fiscal Years 2008-2011) for four projects that will focus on developing improved enzyme systems to convert cellulosic material into sugars suitable for production of biofuels.
Combined with industry cost share, up to $70 million will be invested in these projects, with a minimum 50 percent cost share from industry.
These four projects seek to more cost-effectively and efficiently breakdown processed biomass into fermentable sugars, a significant challenge in converting biomass into fuels. Projects were selected based on their demonstrated ability to reduce the cost of enzymes-per-gallon of ethanol by improving an enzyme’s performance. Selected projects must demonstrate the ability to produce enzymes at a commercial-scale, and have a sound business strategy to market the enzymes or enzyme production systems in biorefinery operations.
Today’s announcement is also part of over $1 billion DOE has announced within the last year for multi-year biofuels research and development (R&D) projects