The U.S. Department of Agriculture has announced $100 million in biofuel infrastructure in the form of federal grants to increase the sale and use of biofuels.
The USDA says that applications are now being accepted for the latest round of funding under the Higher Blends Infrastructure Incentive Program (HBIIP).
This new round of HBIIP grants will cover up to 50 percent of total eligible project costs, but not more than $5 million per company, and is available for transportation fueling and fuel distribution facilities. The grant period will remain open for 90 days, with USDA anticipating making awards 90 days after the application deadline. The grant period is not to exceed 36 months. Based on the USDA’s prior experience with this program, it expects to make approximately 200 awards.
This funding round is separate from the additional $500 million for higher-blend infrastructure included in the recently enacted “Inflation Reduction Act.”
Sources: USDA, NAFB