Archer Daniels Midland just announced that is has received a $24.8 million grant from the Department of Energy to build a $36 million biofuels plant in Decatur, Illinois. The plant will focus on advancing biofuel technology.Construction should start next year and be completed by 2012. The remaining funding not covered by the grant will be drawn from private sources.
In a press release, Todd Werpy, ADM’s vice president of Biofuels and Biochemical Research, commented on the project:
“Biofuels remain the only widely available alternative transportation fuel available today,” said . “This project demonstrates ADM’s commitment to advanced biofuels and our work to meet the goals of the Renewable Fuel Standard Program.”
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ADM isn’t the only business finding grants and funding from the Department of Energy. Lots of companies are developing or utilizing Biofuels in their business. There’s a great website with hundreds of case studies on biofuels and emerging green technologies: http://www.greencollareconomy.com
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