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Navy plans action this year on two large pathways to alternative fuel

Wednesday - 4/23/2014, 4:36am EDT

By Jared Serbu

The Navy says it will create two new acquisition vehicles this year to ensure it has a stable supply of advanced biofuels.

The service says the high-tech liquid fuels won't cost it any more than the petroleum-based diesel and jet fuels it has been buying for decades.

In its years-long alternative fuel push, the Navy already has used the Defense Production Act, a Korean War-era law that lets DoD channel seed money into companies that supply things the military wants but aren't yet produced in economically-viable quantities.

But that was to produce small amounts of biofuel for demonstration purchases, and so far, the Navy has paid prices that were several times what it spends for a gallon of fossil fuels.

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http://www.federalnewsradio.com/?nid=412&sid=3609025&pid=0&page=1