THE PROMISE OF BIOFUELS
Since 2006, our owners, the Taylor family, have given $35 million to the Donald Danforth Plant Science Center and its Enterprise Rent-A-Car Institute for Renewable Fuels. The Enterprise Holdings Foundation has also created a $2 million endowment for sustainable energy research at the University of Missouri. Established in 2013, the endowment provides essential funding to help researchers take the next steps toward a prototype bio-processing facility to produce renewable fuel.
THE BENEFITS OF PARTNERSHIP
In June of 2012, at the Donald Danforth Plant Science Center in St. Louis, our Chairman and CEO Andrew C. Taylor and President of General Motors North America Mark Reuss discussed long-term solutions for sustainable mobility, along with business sustainability expert and journalist Marc Gunther. Both Enterprise and GM believe in the significance of biofuels in reducing our carbon footprint and dependence on foreign sources. This event is one example of how we aim to build partnerships and share best practices for the greater good.
SUSTAINABLE ENERGY RESEARCH
In 2013, we established an additional $2 million endowment for sustainable energy research at the University of Missouri. This effort is also already yielding promising results in the field of biofuels. Preliminary research indicates that approximately 116 million acres of land along the Mississippi and Missouri Rivers are ideal for growing biomass and that using just five percent of that land could yield up to seven billion gallons of biofuel per year. The endowment will provide essential funding, as researchers take the next steps toward a prototype bio-processing facility to produce this renewable fuel.