Iowa’s governor sets aside $21.5M of CARES funding for biofuels

August 25, 2020 |

In Iowa, the governor has announced that $100 million of CARES funding will go to agriculture including the following support schemes for biofuels:

$15.5 million — State Biofuel Grant Program — Biofuels producers were excluded from receiving aid under other parts of the CARES Act; this program will provide relief to those Iowa ethanol and biodiesel producers based on gallons produced. Grants will also be awarded through IEDA’s existing small business relief program and are capped at a maximum grant of $750,000 per producer. (Administered by IEDA)

$7 million — Renewable Fuel Retail Recovery Program — Announced previously, this funding supports a program that helps expand retail fueling infrastructure for higher blend renewable fuels, including E15 or higher & B11 or higher. (Administered by IDALS)

Print Friendly, PDF & Email

Tags: , , ,

Category: Policy

Thank you for visting the Digest.