Broco Oil awarded $500,000 state rail grant to bring biodiesel into Massachusetts

In Massachusetts, the Baker-Polito Administration’s Department of Transportation (MassDOT) announced the awarding of nine grants totaling more than $2.7 million from the Industrial Rail Access Program (IRAP) to enhance rail and freight access, economic opportunity, and job growth. Among the winners was Broco Oil who recently announced a deal to supply the City of Boston with bio-heat.

The project will help Broco Oil bring bio-diesel fuel oil into the state by creating a new siding and transload capacity in Haverhill. The result is expected to be 367 more railcars and 2,850 fewer truck trips annually. Broco is providing 40% of the project cost.

IRAP is a competitive state-funded public/private partnership program that provides financial assistance to eligible applicants to invest in industry-based rail infrastructure access improvement projects. Applicants must match public funds with private funds, with private funds paying at least 40% of a project’s total cost, and several of today’s awardees will match more than the required minimum.