DOE readies $85 billion for algal and advanced biofuels
The DOE is getting ready to spend $85 billion on research to create biofuels made from algae and other advanced techniques. The American Recovery and Reinvestment Act funds will be made available "for the development of algae-based biofuels and advanced, infrastructure-compatible biofuels" that can be brought "to market in an accelerated timeframe."
Interestingly, wiht this announcement, the DOE says it is not looking to fund any sort of cellulosic ethanol. Instead, the biofuels that the DOE is hopes to help create include aviation fuel, green gasoline and green diesel. Biofuels made from algae are high on the DOE's funding hitlist, as are bio-based replacements for traditional hydrocarbon fuels. More details are available here.
[Source: DOE]
Photo by *higetiger. Licensed under Creative Commons license 2.0.
Reader Comments (Page 1 of 1)
jzj 1:38PM (7/17/2009)
Million, not billion.
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Tim 1:59PM (7/17/2009)
$Millions, $Billions, $Trillions, whatever.... it's just paper fiat currency (not money) backed by nothing but faith & credit, BOTH of which are running out.
If only WE were like the unFederal noReserve privateBank, we could also print (counterfeit) ourselves into prosperity. Why do any of us have to work at all?
Central Banking, Fiat Currency and the resulting legislative malfeasance of Political Corporate Favoritism (pay to play) known as Crony Capitalism or Socialism/Fascism has replaced Free Market Capitalism.
The market is not truly free as long as:
1) A central bank can use fiat currency to inflate/deflate the currency supply and prices while artificially manipulating interest rates and credit availability causing market boom & bust cycles and bubbles which must ultimately burst.
2) Politicians can borrow and spend without budget constraints or conscience due to the unlimited availability of fiat currency available (at interest) from the central bank. This is why only a 100% commodity backed currency is stable money and why fiat currencies ALWAYS lead to hyperinflation and systemic.
3) Politicians can give, loan to or invest public money in private companies.
4) Politicians can play legislative favoritism in return for campaign “support”.
5) Politicians can ignore some parts of the law while bending others outside of their original intent. This is rule of Men, not Rule of Law and it is Tyranny!
Yet when Crony Capitalism fails, the Socialists & Fascists blame the "free" market which they have been legislatively manipulating.
http://en.wikipedia.org/wiki/Crony_capitalism
Where does this Crony Capitalism end? Hyperinflation, Loss of “faith & credit” in the fiat currency, Systemic Failure and National Bankruptcy just like the Soviets.
ShaunneyCakes 2:29PM (7/17/2009)
@ Tim
Hey Tim, this is an autoblog, if you want to cry like a little baby about government spending and financials, go to blogging stocks. No one here is going to read 10 paragraphs of rambling from someone who obviously set in his ways.
Tim 3:20PM (7/17/2009)
ShaunneyCakes,
You just did and my comment is on point about DOE funding!
ShaunneyCakes 3:48PM (7/17/2009)
@ Tim
I didn't read it, but I started to and you can tell from the first few sentences that you don't know what you are talking about. Stop whining, no one cares about your opinion, write your congressman or leave the country you facist.
paul34 4:19PM (7/17/2009)
Nice one, Shauney. Let's review the facts:
* You attack someone for their comment despite admitting to not having read it.
* You call someone a fascist - yet I really don't think you know what that means. Do you ever know what you're talking about? Fascism would be the total opposite of everything he said in his post.
Spence 4:54PM (7/17/2009)
Hey Tim...
The only "fiat money" we want to here about on ABG is that used to purchase a new 500 Abarth.
Go away, Paultard. Take your libertarian bullshit rant over to some more paranoid corner of the net, please. We're talking about cars and technology here.
And believe it or not, there is a hell of a lot of difference between a million, a billion and an trillion.
gorr 2:08PM (7/17/2009)
It cost 100 000$ approx to start a green algae biofuel plant. If you take your co2 to feed the algae, from any big chimneys then you can receive grant because you cleaned and eliminated the emissions. The entire green market is stopped by these giant subsidies to big incompetants ( exxon, c.i.a, gm, nissan, world association of car manufacturers, world association of big-oil, world banks, etc. Everything have been bouth by internationnal taxation and regulations.
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BillySharps 2:09PM (7/17/2009)
Way to stay on topic, Tim. Good job.
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Matt 2:24PM (7/17/2009)
Algae conveniently not pictured... those are lily pads.
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Matt 2:25PM (7/17/2009)
...and water hyacinth
Ideno 4:10PM (7/17/2009)
But they sure are pretty and green. :)
Aureon Kwolek 5:44PM (7/17/2009)
What you’ve got pictured above is Not Algae. The smaller stuff is Lemna gibba - Duckweed - one of the smallest flowering plants. It’s up to 50% starch, which makes it an excellent feedstock for Ethanol. There’s a pair of scientists in SC growing this stuff on hog manure and getting 6,000 gallons of ethanol per acre per year.
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Rahul 2:35AM (7/20/2009)
This is a noble cause towards the environment. More research should be done on the usage of bio-fuel.
Rahul
Indian Car Advisor
Carazoo.com
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Rajame 1:17PM (7/30/2009)
Bring on the bio-diesel and car/truck/suv that run on it. My Civic is aready 16 years old and I'd like a diesel in the next year. Sorry Honda you chose not to bring your great diesels here that is everywher but here in the USA.
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