SOURCE: Imperium Renewables

Imperium Renewables

September 01, 2011 15:31 ET

United States' Department of Energy Selects Imperium Renewables as Part of Consortium to Continue Advances in Renewable Aviation Fuels

Announcement Bolsters President Obama's Support for Developing Domestic, Renewable Fuels for Military and Civilian Use

SEATTLE, WA--(Marketwire - Sep 1, 2011) - Imperium Renewables is part of a partnership led by LanzaTech that has been chosen as one of three recipients of up to US $4 million by the United States' Department of Energy (DOE) to continue work to develop renewable jet fuel. The consortium also includes The Boeing Company, Pacific Northwest National Laboratory (PNNL) and others.

"This grant will help Imperium provide sustainable, economically viable drop-in biofuels that will allow commercial airlines and the Department of Defense to become less reliant on foreign oil," said Imperium CEO John Plaza. "We're excited to be part of this partnership and to continue our work with LanzaTech, Boeing and PNNL to develop renewable jet fuels from multiple feed stocks."

The grant is one of three cost-shared projects announced by US Energy Secretary Steven Chu that support the Obama Administration's efforts to strengthen US energy security and diversify the nation's energy portfolio.

"These investments aim to accelerate the discovery of innovative solutions that could drive down the cost of biofuels production and boost their availability in the marketplace," said Secretary Chu.

The DOE announcement continues President Obama's strong commitment to develop sustainable, homegrown drop-in aviation and marine biofuels. Last month, DOE joined the Department of the Navy and the Department of Agriculture in issuing a Memorandum of Understanding that allocates US $510 million towards working with private industry to create advanced drop-in biofuels that will power both the Department of Defense and private sector transportation throughout America.

"President Obama and other elected officials realize that our country cannot continue to rely on other countries to power our nation and our military," said Plaza. "This grant builds on the momentum set recently set by the administration and helps our country move further toward energy independence."