DOE To Release $15M To Fund Bio-Oil Research

Law360, Los Angeles (April 6, 2012, 6:37 PM EDT) -- The U.S. Department of Energy will hand out up to $15 million to fund demonstrations of biomass-based oil supplements, known as bio-oils, that can be blended with petroleum to reduce dependence on foreign oil, the agency announced Friday.

“The Energy Department's investments to develop renewable transportation fuels are a key part of the Obama administration's all-of-the-above energy strategy to develop America's domestic energy resources and reduce our nation's dependence on foreign oil,” Energy Secretary Steven Chu said Friday.

“Driving innovation through targeted investments helps to speed...
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