USDA to announce new loan guarantees today

January 10, 2011 |

In Washington, US Secretary of Agriculture Tom Vilsack is expected to announce the recipients of loan guarantees at up to three new new biorefinery projects under the 2008 Farm Bill’s Biorefinery Assistance Program (Section 9003) and will announce that USDA has provided funding to recipients in 33 states to support the production and usage of advanced biofuels.

Additionally, the Secretary will announce the selection of funding recipients under the Rural Energy for America Program and he will discuss the status of final energy program rules. The identity of the loan guarantee recipients is closely guarded since news of a loan guarantee to Ineos BIO was leaked last week, although BlueFire Renewables is known to be one of the finalists in contention.

UPDATE: This morning, the USDA canceled the scheduled Vilsack press conference for 1:30pm ET, for undisclosed reasons.

Category: Fuels

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