HBIIP Increases Opportunity for New Market

By The National Biodiesel Board | July 09, 2020

The newly announced USDA Higher Blends Infrastructure Incentive Program provides sincere promise to the biodiesel, renewable diesel and Bioheat industry. With intentions to make up to $100 million available under cost-sharing grants, with $14 million reserved to support biodiesel and renewable diesel blending, there is a great opportunity for the industry to finally reach a long-demanded market and achieve industry goals.

“This infrastructure program is sorely needed for the biodiesel, renewable diesel and Bioheat market,” said Paul Nazzaro, NBB supply chain liaison. “We greatly need this program if we are going to move any product to growing regions to meet industry demands.”

The grants of up to 50 percent of eligible costs or $5 million are designed to help distribution facilities install or retrofit infrastructure necessary to sell higher biodiesel blends such as B20.

“There is currently a deficiency in infrastructure, and this new program has the opportunity to put grant money in the hands of terminal operators, transloaders and many others essential to moving product, to make this new market opportunity a reality,” Nazzaro added.

Grants are available to vehicle fueling facilities, fleet facilities, fuel terminal operations, midstream partners and distribution facilities. USDA aims to distribute approximately 150 awards and provide cost-sharing to 1,500 locations.

“We need to get the industry balanced across the nation,” Nazzaro said. “Our infrastructure has to go where the volume is. The Northeast and Mid-Atlantic regions alone have the potential of growing to be a 7 billion-gallon industry by 2050 when including home heating, and commercial and industrial markets. This growth is not only critical to our industry, but it is also important to the environment and current climate.” 

With access to advanced biofuels such as biodiesel, renewable diesel and Bioheat, the industry can drastically reduce harmful emissions, which is more essential now than ever. The environmental benefit of reducing lifecycle greenhouse gases by 86 percent alone makes this infrastructure need a necessary choice.

NBB thanked USDA and Secretary Sonny Perdue for supporting farmers and biodiesel producers. HBIIP will help the industry expand consumers’ access to cleaner, better transportation and heating fuels now and in the future.

To apply for the 50 percent cost-share grants, visit usda.gov and submit an application by Aug. 13.

 
 
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