The United States Department of Agriculture (USDA) has announced a second round of grants through the Higher Blends Infrastructure Incentive Programme (HBIIP) for infrastructure projects.
This is to facilitate increased sales of higher biofuel blends to new and returning applicants.
The first round of HBIIP grants was announced in May 2020 to expand the sale and use of ethanol and biodiesel fuels and share the costs related to and/or offering sales incentives for the installation of fueling equipment.
In his announcement, Secretary of Agriculture Sonny Perdue recognised “the importance of our ethanol and biofuels industries and the positive impacts they deliver to consumers and farmers with an affordable, abundant and clean-burning fuel”.
Growth Energy’s network of both large and small retail partners has already secured nearly $30 million (€24 million) in grants for over 290 sites selling more than 400 million gallons of petroleum annually.
After USDA’s announcement of a second wave of grants, Growth Energy CEO Emily Skor issued the following statement: “We have heard countless success stories from our retail partners about how HBIIP grants have helped them grow their Unleaded 88 (E15) fuel offerings, strengthen their infrastructure, and increase store foot traffic and sales. In the face of the COVID-19 pandemic, these grants have been welcome relief for our industry and our hardworking men and women across the country, and we stand at the ready to assist retailers who hope to take full advantage of this growth opportunity.”
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector