UPS has signed agreements with three suppliers for up to 46 million gallons of renewable diesel over the next three years as part of its goal to significantly reduce emissions by 2020.
DOE Funds Algae Biofuel Research
The U.S. Department of Energy (DOE) has allocated $18 million in funding to six projects in an effort to reduce the modeled price of algae-based biofuels to less than $5/CGE by 2019 and $3/CGE by 2030.