Wednesday, May 13, 2009

US DOE to invest $800 million in biofuels projects

June 2009 Issue of BioDiesel Magazine

The U.S. DOE plans to invest nearly $800 million for the development of advanced biofuels and the construction of biofuel production facilities. The agency was allocated $786.5 million from the American Recovery and Reinvestment Act for a biomass program and will use the funding for new opportunities as well as to provide additional assistance for existing projects.

Funding will be separated into four categories: the validation of integrated biorefinery technologies, construction of demonstration- and commercial-scale biorefineries, advanced biofuels research and ethanol research. Most of the DOE’s biomass program budget will be used to explore the development of integrated biorefinery technologies. The goal is to validate a facility that would be capable of producing advanced biofuels capable of meeting the renewable fuel standard, bioproducts, and heat and power at a commercial-scale. The agency will invest a total of $480 million for projects focusing on integrated biorefineries.

SEE entire Article Here:
http://www.ethanolproducer.com/article.jsp?article_id=5670

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The blue categories above, the SkunK believes are the most likely to involve GERS. As it states above, the bold blue one is where the most money is and where the SkunK believes GERS seems to have a good shot at leveraging some of this government moola. This could tie into the "Gen 1.3 Integral New Technology (to be announced)" Which was later announced to be "Our portfolio of Cellulosic Corn™ technologies" including a number of (a) feedstock conditioning, (b) oil production, extraction and refining, and (c) energy and carbon mitigation technologies. GERS has released this:

"We have applied for grant financing to support the construction of pilot facilities based on each of our Cellulosic Corn™ technologies."
http://greenshift-gers.blogspot.com/2009/04/new-technologies-cleantech-portfolio.html

The SkunK also developed his belief partly based on a SkunK exclusive Q&A from January when Mr. Kreisler stated:

"We are submitting an application for DOE funds based on a combination of technologies, including our extraction platform and our bioreactor technologies."
http://docs.google.com/gview?a=v&pid=gmail&attid=0.1&thid=11f2f6add4555f80&mt=application%2Fpdf&pli=1

Good Luck to all investors,
SkunK

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