The military's biofuels initiatives could do more than just power jet planes, aircraft carriers and armored vehicles - they could also help power the economy, according to a new report from Environmental Entrepreneurs (E2).

Congress is about to take up the National Defense Authorization Act, which in current versions would prohibit the DoD from moving forward with its plans and desires to increase its use of biofuels.

Citing national security concerns, the Navy and Air Force want to replace 50 percent of their fuel supplies with non-petroleum biofuels by 2020.

Just as military innovation and leadership transformed our nation's economy in sectors ranging from aviation to communication to computers, the military's biofuels expansion could provide a major boost to the economy and job creation, and help transform the nation's energy, airline and agriculture industries.

E2 leaders, biofuels executives and military advocates will be able to discuss how military investments in biofuels can pay off for the private sector.

They also will be able to discuss what future economic growth in the advanced biofuel industry will look like if Congress stands behind the recommendations of our nation's senior military leaders.