The Iowa Renewable Fuels Association (IRFA) announced nine recipients of the newly-created Renewable Fuels Infrastructure Grant Program within the Iowa Values Fund Program.
The program provides funding to gasoline retailers and biodiesel suppliers to help offset the infrastructure cost of bringing biodiesel and E85 (85% ethanol, 15% gasoline) to the public.
The program awards forgivable loans for up to 50% of total project cost in three categories:
Category I. Financial assistance for equipment purchases to upgrade fueling sites to dispense E85 fuel, not to exceed $7,500 per location.
Category II. Financial assistance for equipment purchases for new E85 fueling sites, not to exceed $20,000 per location.
Category III. Financial assistance for equipment purchases for biodiesel on-site or off-site storage facilities, not to exceed a maximum of $50,000 per location.
A total of $325,000 has been allocated annually for three years to expand the availability of E85 and biodiesel to Iowans.
|West Central Cooperative||Biodiesel Blending||$25,000|
|Mulgrew Oil Company||Biodiesel Blending||$25,000|
|Ampride Truck Plaza||New E85 pump||$20,000|
|County Line Mart||New E85 pump||$20,000|
|Kum & Go||New E85 Pump||$20,000|
|Linn Coop Oil Company||New E85 Pump||$20,000|
|Petro Express||New E85 pump||$20,000|
|Price Oil Company||Upgrade to E85||$7,500|
|New Alliance FS||Upgrade to E85||$7,500|