ATA supports DOE and USDA biofuel funding announcement.
Press Release Summary:
DOE and USDA have announced up to $25 million in funding for research and development of biofuels, funding for which ATA has worked to obtain through its Commercial Aviation Alternative Fuels Initiative. This announcement is the first step in implementing provisions from 2008 Farm Bill that provide grants for commercial-scale biofuel demonstration projects. James C. May says the ATA and member airlines look forward to working with government to promote development of new fuel sources.
Original Press Release:
Air Transport Association Applauds Biofuel Funding Announcement
WASHINGTON, Feb. 2, 2009 - The Air Transport Association of America, (ATA) the industry trade organization for the leading U.S. airlines, today hailed the announcement made jointly by the U.S. Departments of Energy (DOE) and Agriculture (USDA) to release up to $25 million in funding for research and development of biofuels, including aviation biofuels. ATA, a founding and principal member of the Commercial Aviation Alternative Fuels Initiative (CAAFI), has been working to hasten the availability of these funds, pursuant to the Food, Conservation, and Energy Act of 2008 (commonly known as the 2008 Farm Bill).
This announcement is the first step in implementing provisions found in the 2008 Farm Bill that provide grants for commercial-scale biofuel demonstration projects, including those that could ultimately produce clean, homegrown, renewable jet fuel. This program will work in conjunction with other provisions in the Farm Bill that were implemented earlier this year to provide loan guarantees for construction of commercial-scale alternative fuels production facilities.
"We are thrilled that the Obama administration has worked quickly to secure this funding for alternative energy," said ATA President and CEO James C. May. "This commitment to the research and development of advanced renewable fuels will allow for commercial-scale demonstration projects and other important activities that will move us closer to commercially viable, environmentally friendly alternative jet fuel. ATA and its member airlines look forward to working with the federal government to further promote the rapid development of these exciting new fuel sources."
ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. For additional information about the industry, visit www.airlines.org.
CONTACT:
Elizabeth Merida
202-626-4205
Victoria Day
202-626-4141
