The Department of Energy (DOE) announced yesterday it will invest up to $385 million to aid in the development of six U.S. biorefinery projects over the next four years. When fully operational, the plants are expected to produce more than 130 million gallons of cellulosic ethanol per year.

"These biorefineries will play a critical role in helping to bring cellulosic ethanol to market, and teaching us how we can produce it in a more cost effective manner. Ultimately, success in producing inexpensive cellulosic ethanol could be a key to eliminating our nation's addiction to oil." -- Samuel W. Bodman, U.S. Department of Energy, Secretary