Navy expects affordable biofuels by 2016

In Washington, the Navy says that biofuels prices are becoming more affordable faster than expected, thanks to cooperation with the DOE and USDA, with 2016 seen as a likely date for biofuels availability in commercial quantities. Recent contracts have been awarded for 170 million gallons of biofuel at $4 a gallon for 2016, much lower than the $26 per gallon that attracted negative attention from Congress and a push to limit the military’s ability to purchase biofuels.

Category: Policy