News

USDA announces $800 million to support biofuel producers, infrastructure

The USDA says it will make up to $800 million available to support biofuel producers and infrastructure. The announcement includes $700 million for biofuel producers and renewable fuel markets impacted by the pandemic.

USDA says the funds will be available through the new Biofuel Producer Program authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

It will also make $100 million available to increase the sales and use of higher blends of bioethanol and biodiesel with improvements to infrastructure.

Vilsack says the funds will help “pave the way to economic recovery for America’s biofuel producers, stimulate a critical market for U.S. farmers and ranchers, and move the country closer to President Biden’s goal of net-zero carbon emissions by 2050.”

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!