USDA Rural Development accepts applications for loan guarantees to support commercial biorefineries projects

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Type of post: NEWS IN BRIEF.

The US Department of Agriculture (USDA) Rural Development is accepting applications for loan guarantees to support the commercial-scale development of biofuels based on renewable feedstocks.
Press release: “USDA is Seeking Applications for Funding to Support Commercial Biorefineries”, 15/10/2019.

Figure 1. USDA Rural Development is seeking applications for funding to support commercial biorefineries

The Biorefinery, Renewable Chemical, and Biobased Products Manufacturing Assistance Program provides loan guarantees of up to 250 M$ to help develop, construct, or retrofit commercial-scale biorefineries and to develop renewable chemicals and biobased product manufacturing facilities. Funding provided through this program is intended to diversify markets for agricultural and forestry products and agricultural waste material; create jobs and enhance the rural economy; increase the energy independence of the United States; and promote resource conservation, public health, and the environment.

A non-binding letter of intent to apply must be received no later than March 2, 2020. Applications must be received no later than 1:30 p.m. (PDT) on April 1, 2020. For additional information, including details on how to apply, see page 55315 of the October 15, 2019, Federal Register.

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