$3 million set aside for biofuels production fund

A biofuels production fund will receive $3 million (€2.2 million) over the next two years that could help Virginia’s Hopewell plant.

The states’ governor Terry McAuliffe, the House of Delegates and the Virginia Senate have included provisions to earmark $3 million in competing budget plans.

Delegate Riley Ingram sponsored successful legislation that made changes to the biofuels fund, to provide subsidies to plants for each gallon of ethanol they produce and sell, with a maximum investment of $1.5 million a year.