John Daly from Oilprice.com has published an article about President Obama’s August 16 announcement that The U.S. Departments of Agriculture, Energy and Navy will partner with the private sector and invest $510 million to produce advanced “drop-in” aviation and maritime biofuels for commercial and military use.
The article explains that: “While it remains to be seen how the joint investments between the U.S. government and private sector will work in practice, the announcement nevertheless represents an unprecedented commitment by several federal departments to stimulate the production of renewable biofuel energy, which is a godsend for many start-up companies which have up to now found it difficult to locate capital to ramp up production.”
‘Investor Interest in U.S. Biofuel Production Set to Soar’ was also republished by Proactive Investors under the headline: ‘U.S. biofuel initiatives to ignite investor interest’.