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Biofuels Get Funding As An Ethanol Plant Gets Cancelled
By Mr Ethanol | October 16, 2007
Biofuel Energy calls off a planned ethanol plant while PetroSun says it will begin producing algal oil for biodiesel next year and Pennsylvania awards $10M in biofuels grants.
Greentech Media:
California Gov. Arnold Schwarzenegger isn’t the only head of a U.S. state to support the funding of biofuels with taxpayer dollars.
On Tuesday, Pennsylvania Gov. Edward Rendell announced $10 million worth of grants to fuel homegrown biodiesel, supporting infrastructure and alternative fuel technologies. The announcement comes after North Carolina in July established a nonprofit corporation to grow its biofuels industry and set a target of getting 10 percent of its liquid fuels from biofuel sources within the state by 2017 (see North Carolina Goes Greener).
In total, 24 projects received funding in Pennsylvania. The impact of the grants will get an extra boost from $108 million more in private money…
Topics: Biofuel, Ethanol, Investing, News |
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