New Initiative Program is Now in Place to Promote Biofuel Infrastructure

 

The Missouri Agricultural and Small Business Development Authority (MASBDA) has announced the Biofuel Infrastructure Incentive Program. Funding will be awarded through this program to fuel retailers, distributors, terminal companies and fleet operators that disperse or have plans to store or disperse ethanol fuel blends of E15 or higher or biodiesel blends of B6 or higher. Applications for the program must be turned in by October 29, 2021 and the projects that were chosen will be notified by November 30, 2021, as stated in a news release that came out last week. A maximum of $2 million Up to $2 million will be awarded in grants through the program, with half appropriated to biodiesel projects and half to ethanol projects. Applicants must be a business that is building g new equipment or is retrofitting current equipment to handle biodiesel fuel, biodiesel blend fuel or ethanol blended gasoline in Missouri. Projects can include multiple locations in the state with the maximum award in each category (ethanol or biodiesel) to any single entity capped at 50 percent of eligible costs or $250,000, whichever is less. More information about BIIP or the MASBDA is available at www.MASBDA.com.

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