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If you missed the recent announcement, USDA will soon launch a Higher Blends Infrastructure Incentive Program (HBIIP) that will have a total of $100M of funding - $86M for ethanol; $14M for biodiesel. You can read more about the announcement here: https://ethanolrfa.org/2020/02/rfa-thanks-usda-for-renewable-fuels-infrastructure-grant-program-fleet-directive/ USDA also announced the plan to utilize more E15 and E85 in their fleet, which could equate to 9 million more gallons of E15 and 10 million more gallons of E85. If you know of retailers interested in the program, please send them our way. We are getting several ready for the application process expected this spring. Robert; RFA
The USDA just announced $100M for blender pumps. Here is the main text from the announcement: As part of that commitment, USDA is investing up to $100 million in clean energy infrastructure that will make more options available to American consumers. Through the Biofuels Infrastructure Partnership, USDA funds, administered through competitive grants and matched at least one-to-one by funds from States, will test innovative ways to distribute higher blends of renewable fuel. States that offer a greater than one-to-one ratio in funding will receive higher consideration for grant funds. A typical gas pump can deliver fuel that contains a maximum 10% ethanol, which limits the amount of renewable energy most consumers can purchase at the pump, despite the fact that our farmers now produce record amounts of renewable biofuels. At this point, I don't know if retailers will be able to directly apply or how the match from states will work. The information is not yet available. The announcement comes on the heels of the EPA failing to enforce the statutory levels of the RFS and citing the blend wall as the reason. Also in response to the RVO levels, RINs are dropping like a rock, which will affect E85 prices negatively quickly. I will share more once I have more to share. Robert