Emily Skor, CEO of Growth Energy issued the following statement in response to the U.S. Department of Energy's announcement that it would allocate $118 million to expand the production of biofuels:
“The funds awarded today by the DOE will undoubtedly accelerate the innovations taking place at U.S. ethanol plants, opening new opportunities for low-cost, low-carbon energy. As the president has said, we simply can't get to net-zero by 2050 without biofuels.
"Today's announcement shows that DOE remains committed to that mission. We're excited to see new technologies scaled up with these funds, particularly the work underway at Marquis, Inc., a Growth Energy member slated to receive $8 million for a project that combines CO2 with low-carbon hydrogen to create a new production stream of extra-low-carbon ethanol, slashing emissions by at least 70% or more compared to petroleum-based alternatives.
"Growth Energy applauds the Biden administration for delivering another powerful demonstration of ethanol’s role in our clean energy future."