Farms.com Home   News

$239M Initiative to expand biofuel access

Oct 30, 2024
By Farms.com

Administrator plan bolsters clean fuel in 18 states

In a major push towards sustainable energy, the Administration has allocated $239 million to increase the availability of domestic biofuels. This funding, part of the Investing in America agenda, is sourced from the Inflation Reduction Act and aims to provide cleaner and more affordable fuel options across 18 states.

USDA Deputy Secretary Xochitl Torres Small announced that $39 million would be awarded in grants to enhance biofuel infrastructure, with an additional $200 million available through the Biobased Market Access and Development Grants.

These initiatives are set to improve facilities like fueling stations and distribution networks, substantially increasing the volume of biofuels like ethanol and biodiesel in the market.

The announcement highlights ongoing efforts to support rural economies and ensure energy security. Notable projects include upgrades at Connor’s Service Station and expansions at Fleet Fueling of Michigan, projected to significantly increase biofuel sales annually.

The USDA’s commitment extends beyond funding, aiming to create a resilient, clean energy infrastructure that supports both the environment and the economy.

This investment continues the administration's commitment to reducing greenhouse gas emissions and fostering economic growth in rural America, positioning the U.S. as a leader in sustainable energy production.


Trending Video

Higher Crude Oil Futures for Longer = Stagflation?

Video: Higher Crude Oil Futures for Longer = Stagflation?


Fears are starting to grow that higher crude oil futures for longer could see slower economic growth and higher inflation BUT…. At a meeting in Paris, the Chinese team said they would be willing to buy more non-U.S. soybean row crops???? Trump's delay with the Xi meeting (pushed out to end of April) was replaced with the Ag Appreciation Day” on March 27th, 2026. A dry weather pattern for the Central Plains/U.S. winter wheat country causing are wildfires in NE and breaking record temps for March. Stocks are officially in a correction as funds continue to sell the metals to buy energy and ag + more.