BIO Thanks Senators for stance on military biofuel producers.
Press Release Summary:
December 3, 2012 - BIO President and CEO Jim Greenwood thanked Senators Kay Hagan, Tim Johnson and co-sponsors for amending language in National Defense Authorization Act of 2013 that blocked Department of Defense's (DoD) participation in public-private partnerships to produce advanced biofuels. Greenwood said military leaders, recognizing that building domestic advanced biofuels industry to produce cost-competitive fuels is national security priority, responded by proposing public-private partnerships.
Original Press Release
BIO Thanks Senators for Clearing a Path for Military Biofuel Producers
Press release date: November 29, 2012
“Over-reliance on foreign oil creates unnecessary strategic risks for the U.S. armed forces. While oil prices remain high, U.S. military operations are demanding more and more energy, as the DoD seeks to protect U.S. soldiers with more heavily armored equipment.”
“Over-reliance on foreign oil creates unnecessary strategic risks for the U.S. armed forces. While oil prices remain high, U.S. military operations are demanding more and more energy, as the DoD seeks to protect U.S. soldiers with more heavily armored equipment.
“Military leaders have recognized that building a domestic advanced biofuels industry to produce cost-competitive fuels is a national security priority. They have responded to this need in the same way the United States has responded to similar challenges in the past – by proposing public-private partnerships to produce advanced biofuels. There are already several private companies working toward the goal who have made significant investments and progress. The action taken today by Senators Hagan, Johnson, Udall and Murray will help clear the path for them and establish a consistent federal policy to achieve energy security.”
BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.” Subscribe to BIOtechNOW.
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