News Release

Biden-Harris Administration Announces $239 Million to Increase Access to Clean, Affordable Domestic Biofuels as Part of Investing in America Agenda

Funding from President Biden’s Inflation Reduction Act Will Continue to Provide More Cost-Effective Options for American Consumers

WASHINGTON, Oct. 29, 2024 – U.S. Department of Agriculture (USDA) Deputy Secretary Xochitl Torres Small today announced that 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. Deputy Secretary Torres Small also announced 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 today 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.

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