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Energy Department Ups Investment in Advanced Biofuels, Funds Four Projects Developing Cost-Effective Enzymes
WASHINGTON - February 27,2008 - In another sign of the promise that biofuels hold for the future, the U.S. Department of Energy (DOE) announced four projects that will significantly move forward research and development of advanced enzymes necessary for producing cost-effective cellulosic biofuels.
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Four projects by members of the Biotechnology Industry Organization (BIO) received DOE matching grants totaling $33.8 million to develop cost-efficient enzymes for cellulosic biofuel production by 2012. These enzymes will be instrumental in fulfilling the renewable fuel standard put forward in the Energy Independence and Security Act of 2007.
“The biofuels industry has taken off,” said Brent Erickson, executive vice president at BIO. “There are already 21 cellulosic biorefineries planned or under construction throughout the United States. Ongoing research and development in enzymes and other biorefinery processes is critical to rapidly building advanced biofuel production capacity. This production will not only provide long-term environmental benefits by lowering greenhouse gas emissions and encouraging sustainable agricultural practices, but also help liberate the U.S. from its dependence on petroleum.”
For more information on sustainable production of advanced biofuel, visit http://biofuelsandclimate.wordpress.com/.
About BIO
BIO represents more than 1,150 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology technologies. BIO also produces the annual BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
Upcoming BIO Events
-- Partnering for Global Health
March 10-12, 2008
Washington, DC
-- BIO-Europe Spring
April 7-9, 2008
Madrid, Spain
-- BIO National Venture Conference
April 22-23, 2008
Boston, Mass.
-- World Congress on Industrial Biotechnology & Bioprocessing
April 27-30, 2008
Chicago, Ill.
-- 2008 BIO International Convention
June 17-20, 2008
San Diego, Calif.
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For more information, please contact:
Biotechnology Industry Organization (BIO)
Paul Winters, 202-962-9237
Website : www.bio.org
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