North Dakota approves Ethanol Recovery Program for state’s ethanol industry

In North Dakota, Grand Forks Herald reports that the North Dakota Industrial Commission approved the Ethanol Recovery Program, a loan guarantee and interest buydown program for the state’s ethanol industry.

“Under terms of the program, the commission said the state’s ethanol producers may access up to $15 million or 50 cents per bushel of corn that would have normally been purchased (or the volume of equivalent feedstock capacity) in the first two quarters of 2020, whichever is less,” according to Grand Forks Herald. “BND will provide buydown from its PACE program up to a maximum of $500,000.”