NEWS
FOR IMMEDIATE RELEASE
Contact: Paul Winters
202-737-8801
pwinters@biodiesel.org
WASHINGTON, DC - The National Biodiesel Board
(NBB) today welcomed Secretary of Agriculture Sonny Perdue's announcement of
available funding for competitive, cost-shared grants to support infrastructure
for higher blends of biodiesel. USDA today issued a Notice of Funds Available
for the Higher Blends Infrastructure Incentive Program (HBIIP).
Kurt
Kovarik, NBB's VP of Federal Affairs, said, "NBB's members thank Secretary
Perdue and USDA for supporting farmers and biodiesel producers. The Higher
Blends Infrastructure Incentive Program will help the industry expand
consumers' access to cleaner, better transportation and heating fuels in the
future."
Of
the $100 million USDA is making available, $14 million will be available to
support infrastructure for biodiesel blends above 5%. The grants will match up
to 50% of eligible costs or $5 million, whichever is lower. USDA anticipates
making approximately 150 awards and providing assistance to 1,500 locations
with the available funds.
Made
from an increasingly diverse mix of resources such as recycled cooking oil,
soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel
replacement that can be used in existing diesel engines without modification.
It is the nation's first domestically produced, commercially available advanced
biofuel. NBB is the U.S. trade association representing the entire biodiesel
and renewable diesel value chain, including producers, feedstock suppliers, and
fuel distributors.
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For more about biodiesel, visit www.biodiesel.org.