SOURCE: Imperium Renewables

Imperium Renewables

August 16, 2011 17:15 ET

Imperium Renewables, Nation's Second Largest Biofuel Company, Applauds Obama Administration's New Biofuels Strategy

President's Support for Domestic, Renewable Fuels for Military and Civilian Purposes Will Create Jobs, Reduce Emissions and Decrease Dependence on Foreign Oil

SEATTLE, WA--(Marketwire - Aug 16, 2011) - Imperium Renewables, the nation's second largest biofuel producer, today released the following statement applauding President Obama's announcement about federal investment in the biofuels industry.

Imperium Renewables CEO John Plaza, who recently testified before a U.S. Senate Subcommittee for longer-term biofuels contractual commitments with the Department of Defense, said:

"We are extremely pleased with the leadership that the President, the Navy and the departments of Agriculture and Energy have shown by announcing this strong commitment to the biofuels industry. This is a momentous day for the biofuels industry and helps put America on the path of success for our nation's security and economic recovery.

"The administration's significant commitment to developing renewable drop-in aviation and marine biofuels in partnership with the private sector will allow companies like Imperium to continue to grow, create domestic jobs and provide operational security for our country's national defense by the increased production of advanced renewable fuels.

"This announcement will create jobs in rural America where they are needed most, spur technical innovation, and most importantly, help create new advancements in clean technology to assist in leading our country out of this economic recession."