USDA to Make Up to $800 Million Available to Provide Economic Relief to Biofuel Producers and Restore Renewable Fuel Markets Hit by the Pandemic
WASHINGTON, D.C., Dec. 7, 2021 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced that USDA will make up to $800 million available to support biofuel producers and infrastructure. Today’s announcement includes $700 million to provide economic relief to biofuel producers and restore renewable fuel markets affected by the pandemic. The Department will make the funds available through the new Biofuel Producer Program authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Additionally, in the coming months, the Department will make $100 million available to increase significantly the sales and use of higher blends of bioethanol and biodiesel by expanding the infrastructure for renewable fuels derived from U.S. agricultural products. The Biden-Harris Administration is committed to further growth of the biofuels industry, and the House-passed Build Back Better Act commits additional funding that will provide better market access for farmers and more affordable and cleaner fuels for consumers.
