$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…

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