New Biofuel Infrastructure Incentive Program in Missouri
Missouri fuel retailers and distributors can now take advantage of a new funding opportunity for biofuel infrastructure.
The Missouri Ag and Small Business Development Authority (MASBDA) has opened the Biofuel Infrastructure Incentive Program for projects supporting ethanol blends of E15 or higher and biodiesel blends of B6 and higher.
Up to $4 million is available through the program, with half set aside for ethanol projects and the other half appropriated to biodiesel projects.
Missouri Soybean Merchandising Council Chairman Aaron Porter says the program is an important step in building new demand and access for biodiesel in Missouri.
Missouri Corn Merchandising Council Chairman Clint Stephens calls the program a win all the way around, saying it’s a great example of “an effective public-private partnership that increases access to cost-effective, Missouri-made renewable fuel, provides cleaner air, and reduces dependence on foreign oil.”
Applications are due September 30, 2022.