COVID assistance is welcome relief for biofuels producers
Secretary of Agriculture Tom Vilsack has announced that the United States Department of Agriculture (USDA) will begin issuing a new round of pandemic assistance to key agriculture programmes - specifically including biofuels.
Commencing in the spring, biofuels will be a recipient of a shared $6 billion (€5.1 billion) investment using discretionary funding from the Consolidated Appropriations Act and other COVID-19 funding that went unspent by the previous administration.
Growth Energy CEO Emily Skor welcomed this announcement by the government official.
She said: “We are pleased that USDA plans to provide long-awaited assistance to biofuel producers, who were some of the hardest hit by the COVID-19 pandemic.
“At its lowest, over half of the industry was offline. “Secretary Vilsack’s announcement that aid is on the way is a light at the end of the tunnel. We look forward to working with USDA as they iron out the full details of this program for biofuel producers and revitalise the rural economy.”
Commencing in the spring, biofuels will be a recipient of a shared $6 billion (€5.1 billion) investment using discretionary funding from the Consolidated Appropriations Act and other COVID-19 funding that went unspent by the previous administration.
Growth Energy CEO Emily Skor welcomed this announcement by the government official.
She said: “We are pleased that USDA plans to provide long-awaited assistance to biofuel producers, who were some of the hardest hit by the COVID-19 pandemic.
“At its lowest, over half of the industry was offline. “Secretary Vilsack’s announcement that aid is on the way is a light at the end of the tunnel. We look forward to working with USDA as they iron out the full details of this program for biofuel producers and revitalise the rural economy.”
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