U.S. Navy Makes Record Purchase of Biofuel for Ships, Jets
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The U.S. Navy will spend $12 million to buy 450,000 gallons of alternative fuel for aircraft, ships and unmanned vehicles, the biggest government purchase of advanced biofuels, Navy Secretary Ray Mabus said.
The fuel will come from Dynamic Fuels LLC, a joint partnership of Tyson Foods Inc. and Syntroleum Corp., and Solazyme Inc., Mabus said today on a conference call. The cost will be about $26 a gallon, he said.