Iowa dedicates $1 million more for renewable fuels infrastructure

Biodiesel Magazine
By Kris Bevill
May 14, 2012

The Iowa Renewable Fuels Infrastructure Board is accepting applications through May 18 for cost-share funding to assist with the installation of ethanol and biodiesel equipment at retail stations and wholesale distribution centers. Approximately $1 million is available for this round of funding, which is the final round in a program that was awarded $3 million from the state legislature for fiscal year 2012. Retail stations are eligible to receive up to $50,000 per project if they commit to selling renewable fuels for at least five years. Up to $30,000 per project is available to retailers who make a three-year sales commitment. Distributors are eligible to receive up to $100,000, but they must commit to handling renewable fuels for five years and are also required to provide 50 percent matching funds in order to receive the grant.

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