USDA awards $39M to boost biofuels availability and $200M from CCC funds

In Washington, the USDA is awarding $39 million in grants to U.S. business owners to increase the availability of domestic biofuels in 18 states and give Americans cleaner, more affordable fuel options. The Department will make $200 million available through the new Biobased Market Access and Development Grants made possible by Commodity Credit Corporation (CCC) funds.

The awards and funding announced are made possible through the Higher Blends Infrastructure Incentive Program (HBIIP) and the Biobased Market Access and Development Program as part of President Biden’s Investing in America agenda with funding from CCC and President Biden’s Inflation Reduction Act.