USDA Grain Transportation Report (2/16): DOE Awards $118 Million to Increase Production of Biofuels

According to today's USDA Grain Transportation Report, on January 26, the U.S. Department of Energy (DOE) awarded$118 million for 17 projects to accelerate the production of sustainable biofuels for U.S. transportation.

The funding will contribute to meeting DOE’s goal to achieve cost-competitive biofuels and at least a 70- percent reduction in greenhouse gas (GHG) emissions by 2030.

The selected projects, located at universities and private companies, are expected to drive the domestic production of biofuels and bioproducts by advancing biorefinery development.

The increased production of biofuels will increase the demand for rail (which moves 70 percent of ethanol) and truck transportation.