The federal grants awarded to 19 advanced-biofuels projects validate the work being undertaken by many companies in the sector and open the door for commercial-scale production, some officials said. "Receiving support from the DOE to create a renewable, low-cost, domestic, green fuel product is an affirmation of the important research and development initiatives of the past few years," said Paul Woods, CEO of Algenol Biofuels, which received $25 million to convert carbon dioxide and seawater to ethanol using algae.

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