§ 3430.701 - Purpose.

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In carrying out the program, NIFA, in cooperation with the Department of Energy, is authorized to make competitive awards under section 9008(e) of FSRIA (7 U.S.C. 8108(e)) to develop:

Technologies and processes necessary for abundant commercial production of biofuels at prices competitive with fossil fuels;

High-value biobased products—

To enhance the economic viability of biofuels and power,

To serve as substitutes for petroleum-based feedstocks and products, and

To enhance the value of coproducts produced using the technologies and processes; and

A diversity of economically and environmentally sustainable domestic sources of renewable biomass for conversion to biofuels, bioenergy, and biobased products.