CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XXXIV—NATIONAL INSTITUTE OF FOOD AND AGRICULTURE (parts 3400 to 3431) > PART 3430—COMPETITIVE AND NONCOMPETITIVE NON-FORMULA FEDERAL ASSISTANCE PROGRAMS—GENERAL AWARD ADMINISTRATIVE PROVISIONS > SUBPART K—Biomass Research and Development Initiative (§3430.700 to §3430.709) > 3430.701—Purpose.

3430.701—Purpose.

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 to develop:
(a) Technologies and processes necessary for abundant commercial production of biofuels at prices competitive with fossil fuels;
(b) High-value biobased products—
(1) To enhance the economic viability of biofuels and power,
(2) To serve as substitutes for petroleum-based feedstocks and products, and
(3) To enhance the value of coproducts produced using the technologies and processes; and
(c) A diversity of economically and environmentally sustainable domestic sources of renewable biomass for conversion to biofuels, bioenergy, and biobased products.