$100 Million for American Biofuels Infrastructure

$100 Million for American Biofuels Infrastructure

 

US Secretary of Agriculture announces $100 million to expand blending 

US Secretary of Agriculture Sonny Perdue said his department will make available $100 million in competitive grants for activities to expand the availability and sale of renewable fuels through the Higher Blends Infrastructure Incentive Program (HBIIP).

Funds will be made directly available to assist transportation fueling and biodiesel distribution facilities with converting to higher biodiesel and ethanol blends by sharing the costs related to and/or offering sales incentives for the installation of fuel pumps, related equipment and infrastructure.

Grants of up to 50 percent of the total costs, but not more than $5 million, are available to vehicle fueling facilities. USDA plans to make available approximately $86 million for implementation activities related to higher blends of fuel ethanol, and approximately $14 million for implementation…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

Latest Tweets