Military biofuel use could jump-start advanced biofuel market
A report commissioned by Environmental Entrepreneurs (E2) finds that the U.S. military’s plans to expand its use of biofuel could generate more than $10 billion in economic activity while creating more than 14,000 jobs by 2020.
According to Nicole Lederer, E2 co-founder, the military’s biofuel initiatives are the single most important market signal to the clean energy industry. Its policies constitute the most comprehensive U.S. federal energy policy to advance clean energy technologies today, she says. “They [the military] are doing it for national security objectives; suffice to say, the military believes alternative fuels are mission-critical from an installations, operational and budgetary perspective.”
Lederer added that what we’ve experienced so far is the tip of the iceberg. Military demand is helping to scale the advanced biofuels industry into larger markets, she said, including the civil, commercial and aviation markets.