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Funding Plays an Important Part in the Burgeoning Market for Bioenergy

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Published on : Jun 02, 2016

The applications of bioenergy as a fuel source or a fuel additive are enormous. It is already being applied in the three major energy sectors in the world. Bioenergy has found its way into the generation of heat and electricity, as well as become an increasingly accepted part of transportation. Backing this market further is the growing pressure on the world and its businesses to control its overall carbon emission. Pollution levels are at all time highs in many places and researchers are fast looking to develop solutions that are not only sustainable, but also affordable. In order to do this, there has to be a high enough acceptance of bioenergy and all its forms to be a more solid source than what it is now, as well as investments and funding.

The US$21 mn Funding by USDA

The United States Department of Agriculture recently announced the availability of a funding pool of US$21 mn. The funds will be dispersed through the Agriculture and Food Research Initiative. They are aimed at aiding the development of systems on a regional level that are working towards creating a sustainable source of biobased products and bioenergy. A part of the fund will also be utilized for facilitating the education of a fresh batch of scientists.

So far, this round of funding has been presented through the Sustainable Bioenergy and Bioproducts challenge, by ARFI. The scheme was initiated to create a sustainable source of employment through the improvement of existing fiber and food generation systems. Other areas that the scheme focuses on include the provision of renewable energy, reduction of emissions and greenhouse gases, and the provision of suitable product options.

Tom Vilsack, the U.S. Secretary of Agriculture, stated that the new funding announcement is the latest investment planned by the Obama administration into the industry of biobased products. The current investment opportunity looks into the production houses and systems that function on a regional level. It will allow the next generation of researchers and scientists achieve a more direct impact on the environment and the economy.