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Go/no-go approaches on Iowa corn oil extraction expansion; Gov’t chips in $200K of $2.4 million investment

In Iowa, Absolute Energy said it was readying a go/no-go decision on a $2.4 million corn oil extraction addition for its Mitchell County ethanol plant.
The Iowa Economic Development Board approved $200,000 in assistance to add conversion equipment and storage to their current facility. The company said that the corn oil would be sold into the [...]

Iowa Department of Transport proposes wipeout of ethanol tax break

In Iowa, the state Department of Transportation released its report “TIME-21 Funding Analysis”, and proposed the elimination of ethanol tax breaks as one means of  solving a projected $267 million annual shortfall in the state transportation budget.  The state has a variable tax rate for ethanol blended fuels, which now account for 74 percent of [...]

Iowa releases annual energy plan with focus on biomass, wind industry development

In Iowa, the state Office of Energy Independence released its annual energy plan, which included a recommendation that the state develop a biomass industry to complement efforts in biofuels and wind production. The release of the 2007 prompted more than $1.1 billion in investment proposals for the state.

Iowa makes $1.52 million in renewable fuel infrastructure grants; $11.5 million more planned through 2011

In Iowa, the state Department of Economics Renewable Fuel Infrastructure Program board has approved $1.52 million in grants for the expansion of biodiesel and E85 infrastucture. 43 retailers and terminal operators shared in the awards. A total of 28 awards went to ethanol and biodiesel dispensers, while 12 tank wagons and three biodiesel terminals received [...]