USDA opens about $22M in funding for higher ethanol and biodiesel blends

In Washington, D.C., the U.S Department of Agriculture is offering another round of funding for its Higher Blends Infrastructure Incentive Program starting December 21^st and closing on January 19^th with about $22 million available to fueling stations, terminal operations, depots and similar entities for higher ethanol blends than E10 and higher biodiesel blends than B5.

The purpose of the HBIIP is to increase significantly the sales and use of higher blends of ethanol and biodiesel by expanding the infrastructure for renewable fuels derived from U.S. agricultural products.

The program is also intended to encourage a more comprehensive approach to market higher blends by sharing the costs related to building out biofuel-related infrastructure.

Awards to successful applicants will be in the form of cost-share grants for up to 50 percent of total eligible project costs, but not to exceed $3 million, whichever is less.

More information can be found on the USDA website here.