The Obama administration in the USA has unveiled its plans to protect the energy future of the country and cut down its dependence on fossil fuel by one third.
In his speech at Georgetown University, President Obama stated his intentions to cut down the reliance on oil with other efficient and cleaner fuels. His plans on fossil fuel substitutes clearly focused on the production of biofuels from biomass and not ethanol.
In his speech, President Obama stressed the need for renewable fuel usage all over the USA and explained the intention of the government to invest in researches for the introduction of advanced biofuels and fueling stations. He uncovered the plans of the government to assist business ventures to commence construction of four advanced bio-refineries each with a capability to produce 20 million gallons annually. He hinted about rectifying the currently available biofuel incentives to reintroduce more practical types that save tax payers money while assisting the biofuel producers to meet the present day challenges.
According to an estimation provided by the U.S. Energy Information Administration, currently biomass fuels meet around 4% of the fuel energy need of the country. A number of researchers are in the process of introducing various methods to improve the usage of biomass while cutting down the use of fossil fuel to reduce the release of greenhouse gas discharges.
Source: http://www.eia.gov/