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USDA Makes Funding Available to Develop Advanced Biofuels Projects

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USDA is making 181-million dollars available to develop commercial-scale biorefineries or retrofit existing facilities with appropriate technology to develop advanced biofuels. Agriculture Secretary Tom Vilsack says the financing will expand the number of commercial biorefineries in operation in the U.S. that are producing advanced biofuels from non-food sources. He says the USDA Biorefinery Assistance Program is another way the department is helping to carry out the Obama Administration’s all-of-the-above energy strategy to develop every possible source of American-made energy. Vilsack says the benefits go beyond reducing the country’s dependence on foreign oil. He says these biorefineries are also creating lasting job opportunities in rural America and are boosting the rural economy as well.

The Biorefinery Assistance Program was created through the 2008 Farm Bill. It provides loan guarantees to viable commercial-scale facilities to develop new and emerging technologies for advanced biofuels. The program has provided approximately 684-million dollars in assistance to support biofuels projects in eight states since the start of the Obama Administration.

Source: NAFB News Service