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Energy NewsLed By DoD, Federal Government Hoping To Fund BiorefineriesThursday, June 30 2011, By Yuliya Chernova The Department of Defense, an emerging market force in biofuels, is working on a new program to finance non-petroleum fuel production, in collaboration with the departments of energy and agriculture, according to people familiar with the situation. The Defense Department is considering invoking the Defense Production Act--a 1950 law created to enable the military to source essential materials in a timely matter--to gain flexibility in how it buys biofuels and invests in biorefineries, according to these people. Read more ... Aviation Biofuels About to Take OffMonday, June 20, 2011, By John Daly An extraordinary convergence of recent events seems poised shortly to make aviation biofuels the belle of the investor’s ball. The first is that on 8 June the follows the international standards certifying body ASTM International announcing its approval of its BIO SPK Fuel Standard, to be made official later in the year, of the use of hydrotreated renewable jet (HRJ) Jet A-1 fuel in commercial aviation. The potential financial implications are massive, as together the airline industry and the U.S. military use more than 42.25 million gallons (1.5 million barrels) of jet fuel a day. Read more ... |
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