$800,000 in grants awarded from the Iowa Renewable Fuels Infrastructure Program
Business Record Staff May 16, 2023 | 11:12 am
1 min read time237 wordsAll Latest News, Energy & Environment
The Iowa Renewable Fuels Infrastructure Program board recently approved 15 project applications and 11 supplemental grant requests, amounting to over $800,000 in funding. Out of the 15 projects, 12 are focused on E15 infrastructure, while the remaining three are biodiesel terminals. Additionally, 11 previously funded ethanol projects received supplemental grants of $6,000 each. The RFIP aims to encourage fuel retailers to provide higher blends of biofuels by supporting the installation, replacement and conversion of ethanol and biodiesel dispensing and storage infrastructure. The program is managed by the Iowa Department of Agriculture and Land Stewardship, with grant allocations determined by a board appointed by the governor and confirmed by the Iowa Senate. The funding will help expand the availability of cleaner-burning and cost-effective homegrown biofuels for consumers. Numerous counties, including Story, Polk, Dallas, Linn, Sioux, Benton, Buena Vista, Crawford, Dickinson, Dubuque, Clinton, Howard, and Madison, will benefit from the grants. Retailers receiving supplemental grants must complete their projects within one year of installation. To date, 119 biofuels infrastructure projects have received a total of $5,755,228 in funding for this fiscal year. The program leverages substantial private investment by participating fuel retailers. The Renewable Fuels Infrastructure board is scheduled to review additional grant applications during its next quarterly meeting in July, with the application deadline set for June 23. More information and the grant application can be found on the Iowa Department of Agriculture and Land Stewardship’s website.