Iowa grants tax benefits to proposed $58.7 million renewable diesel project

In Iowa, ReadiFuels-Iowa, LLC is a newly created entity started by Applied Research Associates, Inc. (ARA) and C&N Biofuels, LLC. The company will utilize a variety of feedstocks to produce approximately 34 million gallons of renewable diesel and renewable naphtha annually – the first facility of its kind in the state. ReadiFuels-Iowa plans to construct a new production facility utilizing existing infrastructure at a partially abandoned property near Hull in Sioux County. The board awarded the company tax benefits from HQJ for this $58.7 million capital investment. The project is expected to create 31 jobs, of which 27 are incented at a qualifying wage of at least $20.47 per hour.