The Biotechnology Industry Organization (BIO) has announced over USD 600 million in grants and loan guarantees to help build 19 new biorefinery projects to produce advanced biofuels and biobased chemicals from renewable feedstocks. The funding represents the largest single federal investment in advanced biorefineries to date. The awards will fund pioneering production of breakthrough cellulosic and algae-based fuels and renewable alternatives to fossil-based chemicals, such as Succinic acid. These grants will help pioneering companies such as Algenol Biofuels, Amyris Biotechnologies, Elevance Renewable Sciences, Myriant Technologies (BioEnergy International), Solazyme, and ZeaChem to attract the capital necessary to commercialize their innovative technologies.