President Obama announced August 16 that the Departments of Agriculture, Energy, and Navy will invest up to $510 million over the next three years in partnership with the private sector to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation. The U.S. Navy will serve as the guaranteed market. The initiative responds to a March presidential directive as part of the Blueprint for a Secure Energy Future framework, and will be steered by the White House Biofuels Interagency Work Group and Rural Council.