On May 9, 2018, DOE announced up to $3 million in funding for advanced biofuels, bioenergy, and biobased products available through the Biomass Research and Development Initiative (BRDI). This funding will go to two selected projects, with $1 million going to The University of Tennessee to develop an integrated biorefinery design that combines the production of liquid fuels and renewable chemicals, and $2 million funding a Northwestern University project to develop a rapid synthesis of next generation biofuels and bioproducts from lignocellulosic biomass. Both projects will lower the cost of production for biobased fuels and biochemicals, with a goal of resulting in less than $3 per gallon gasoline equivalent for advanced biofuels.