Fri Sep 19, 2014 11:54 AM CDT

STREATOR, Ill. (DTN) -- The U.S. Departments of Navy, Energy, and Agriculture announced Friday that three companies have been awarded contracts to construct and commission biorefineries capable of producing drop-in biofuels to meet the transportation needs of the military and private sector.

Made through the Department of Defense's Defense Protection Act of 1950, the awards total $210 million.

In total, these projects would produce more than 100 million gallons of military grade fuel beginning in 2016 and 2017 at a price competitive with their petroleum counterparts, DOE said Friday.

The companies receiving federal investments for the construction and commissioning of ...

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