Plans made to invest up to $100M to help boost biofuel sales
MASON CITY, Iowa - U.S. Secretary of Agriculture Sonny Perdue announced Oct. 8 that the U.S. Department of Agriculture has invested $22 million out of the up to $100 million in grants available to increase American ethanol and biodiesel sales. These funds were made available through the Higher Blends Infrastructure Incentive Program to recipients in 14 states. The initial $22 million in HBIIP investments are projected to increase ethanol demand by nearly 150 million gallons annually.
“Investments made through the Higher Blends Infrastructure Incentive Program are helping rural communities build stronger economies and will give consumers more choices when they fill up at the pump,” Secretary Perdue said.
USDA is funding projects in California, Florida, Iowa, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Nebraska, New York, Ohio, Utah and Wisconsin. Examples of projects include:
- In Iowa, United Farmers Cooperative will use a $93,000 grant to replace six dispensers and two storage tanks at a fueling station. This project is estimated to increase ethanol sales by nearly 300,000 gallons per year.
USDA plans on announcing the remaining HBIIP investments in the coming weeks.
For more information on USDA’s HBIIP Program, visit the Higher Blends Infrastructure Incentive Program web page at https://bit.ly/30MdDZW.