Attention entrepreneurs: the Navy wants YOU! Navy Secretary Ray Mabus (i.e., @SECNAV) tweeted that the military is getting serious about biofuels. So serious that they want the ability to purchase over 8,000,000 barrels of fuel per year by 2020. To back up their ambition, they’re teaming with the U.S. Departments of Agriculture and Energy to invest $510 million in the industry over the next 5 years. Solutions must be cost competitive with traditional petroleum-based fuels, and cannot use feedstock that infringe on food supplies.
Referenced Articles:
Navy Pursuing Biofuel Development: http://www.stripes.com/news/navy-pursuing-biofuel-development-1.153127
