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$3.4 million in biofuels grants awarded to 74 projects

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The Iowa Renewable Fuels Infrastructure Program (RFIP) board approved 74 project applications totaling more than $3.4 million in cost-share funding for Iowa fuel retailers during its quarterly board meeting last week, a record amount awarded in a single quarter. According to a news release, 73 ethanol cost-share projects were awarded to install new ethanol infrastructure to support E15 expansion in 38 counties, as well as one biodiesel terminal project. The RFIP offers financial incentives to retailers for the installation, replacement and conversion of ethanol and biodiesel dispensing and storage infrastructure. This fiscal year, nearly $5.5 million has been awarded to 119 biofuels infrastructure projects. Since its inception, the program has awarded $80 million in grants, and private industry has invested over $240 million. To learn more, visit the program’s webpage.

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