Mega Money Headed toward BioFuel R&D
The potential opportunity for bio-based fuels to supplement or supplant some of the nations fossil fuel addiction has enticed two entities with deep pockets - one public, one private - to separately offer $750 million to support research in the growing field. Working independently, both entities are planning to concentrate their investments in only 1-2 research institutions, creating instant anchors for growing localized clusters for the new industry.