[ad#PhycoBiosciences AIM Interview]

Money

USDA announces funding for advanced biofuels

October 23, 2013
AlgaeIndustryMagazine.com

USDAUnited States Agriculture Secretary Tom Vilsack has announced the availability of $181 million to develop commercial-scale biorefineries or retrofit existing facilities with appropriate technology to develop advanced biofuels.

“This financing will expand the number of commercial biorefineries in operation in the U.S. that are producing advanced biofuels from non-food sources,” Vilsack said. “USDA’s Biorefinery Assistance Program is yet another way USDA is helping to carry out the Obama Administration’s ‘all-of-the-above’ energy strategy to develop every possible source of American-made energy. But the benefits go beyond reducing our dependence on foreign oil. These biorefineries are also creating lasting job opportunities in rural America and are boosting the rural economy as well.”

The Biorefinery Assistance Program was created through the 2008 Farm Bill and is administered by USDA Rural Development. It provides loan guarantees to viable commercial-scale facilities to develop new and emerging technologies for advanced biofuels. Eligible entities include Indian tribes, State or local governments, corporations, farmer co-ops, agricultural producer associations, higher education institutions, rural electric co-ops, public power entities or consortiums of any of the above.

The announcement singled out Sapphire Energy’s “Green Crude Farm” in Columbus, N.M., as an example of how this program is supporting the development of advanced biofuels. In 2011, USDA provided Sapphire Energy a $54.5 million loan guarantee to build a refined algal oil commercial facility. In continuous operation since May 2012, the plant is producing renewable algal oil that can be further refined to replace petroleum-derived diesel and jet fuel. According to the company, more than 600 jobs were created throughout the first phase of construction at the facility, and 30 full-time employees currently operate the plant. The company expects to produce 100 barrels of refined algal oil per day by 2015, and to be at commercial-scale production by 2018. After receiving additional equity from private investors, Sapphire was able to repay the remaining balance on its USDA-backed loan earlier this year.

Applications for biorefinery assistance are due by January 30, 2014. More information about how to apply is available in the October 2, 2013 Federal Register announcement or by contacting the USDA Rural Development National Office.

More Like This…

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
In a recent study, published in PLOS ONE Journal, the influence of light intensity on the growth and lipid productivity of Nannochloropsis salina was investigated in a fl...
Sebastian Rich reports on PBS Newshour about the Central African Republic city of Bangui, which has been caught in the crossfire between warring Muslim and Christian grou...
Rich McEachran writes in the Guardian that, in the process of surfacing a road, layers of asphalt – which is composed mostly of bitumen (a byproduct of crude oil distilla...
Algiran, an Iranian algal biotech company, has recently established a pilot scale algal cultivation demonstration facility at the Chabahar Free Zone, in the Baluchistan P...
Joelle Kovach writes in the Peterborough Examiner that a company developing new technologies using the algae euglena to purify water has opened a new facility near Trent ...
CleanMalaysia.com reports that rooftop spirulina gardens are part of a burgeoning do-it-yourself urban farm project in Bangkok, Thailand’s capital. They are aimed at grow...
Jennifer Grebow writes in Nutritional Outlook that astaxanthin supplier AstaReal, of Burlington, NJ, one of the founding members of the Natural Algae Astaxanthin Associat...
The Consortium for Algal Biofuel Commercialization (CAB-Comm), led by the University of California, San Diego, has just released its final report, detailing the many acco...
Algae may hold the key to feeding the world’s burgeoning population. If algae’s efficiency at taking in carbon dioxide from the air could be transferred to crops, we coul...
Northwestern University researchers have developed a quantitative tool that might help bring back coral from the brink of extinction. The novel algorithm could help asses...
If we built a Green Friendship Bridge composed of 8,600 algae microfarms given to Mexican and Central American farmers in lieu of 1%, (13 miles) of additional border wall...
The U.S. Department of Energy’s just released 2016 Billion-Ton Report: Advancing Domestic Resources for a Thriving Bioeconomy summarizes the most recent estimates of pote...