Iowa Gov.&nbsp;Terry&nbsp;Branstad, a steadfast supporter of growing the job-creating biofuels industry, has signed legislation that will help ensure its continued success in&nbsp;Iowa. The&nbsp;Iowa&nbsp;Biodiesel Board praised Branstad for signing the Rebuild&nbsp;Iowa Infrastructure Fund bill (HF 643), which provides $3 million to fund the Renewable Fuels Infrastructure Program.
&ldquo;Governor&nbsp;Branstad has been exceptionally supportive of funding renewable fuels and this infrastructure program,&rdquo; said Grant Kimberley, executive director of the Iowa Biodiesel Board. &ldquo;We thank him whole-heartedly for his leadership. This is a big win for biodiesel and other renewable fuels. The legislature had previously ended funding for the program, and in a tough budget year where other programs were eliminated, the extension of the Renewable Fuels Infrastructure Program is a clear sign of the&nbsp;Iowa&nbsp;legislature&rsquo;s support for the biofuels industry.&rdquo;
IBB and industry partners worked closely with the legislature to ensure that the funding language was included in the budget. The program is designed to encourage fuel retailers, like the Kum-and-Go chain, for example, to offer biofuels at the pump. It has had a positive impact as intended, Kimberley said. The&nbsp;Iowa Department of Revenue reports that during 2016, 471 on-road retailers reported carrying biodiesel blends in&nbsp;Iowa, up from 304 five years ago.
Despite the victory, the legislative session posed challenges for the biofuels industry, Kimberley said. The&nbsp;Iowa&nbsp;House introduced legislation to reduce all state tax credits, which included a reduction and cap on renewable fuel retailer credits. IBB led the charge against the cut by mobilizing a network of members and coalition partners to convey the importance of these tax credits, and reinforce with legislators how the credits benefit&nbsp;Iowa&rsquo;s economy and environment.
&ldquo;Biodiesel production is expanding in&nbsp;Iowa, and proactive state policies have played a pivotal role in keeping the state&rsquo;s title as the leading national producer,&rdquo; Kimberley said. &ldquo;We shouldn&rsquo;t take this for granted. We will continue to fight for this key&nbsp;Iowa&nbsp;industry.&rdquo;
In 2016,&nbsp;Iowa&rsquo;s biodiesel plants produced a record 305 million gallons of biodiesel, according to the National Biodiesel Board. A study by ABF Economics shows biodiesel activity generated about 3,800 full-time equivalent jobs and $300 million of household income in&nbsp;Iowa.
Biodiesel is an advanced biofuel made from agricultural byproducts and co-products, such as soybean oil. The&nbsp;<a href="http://am-ibb.informz.net/z/cjUucD9taT02NTgwMjk4JnA9MSZ1PTEwNDQzMjUzMzkmbGk9NDQxNDcwNjQ/index.html" target="_blank">Iowa&nbsp;Biodiesel Board</a>&nbsp;is a state trade association representing the biodiesel industry.&nbsp;
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Iowa Gov. Terry Branstad signed the Rebuild Iowa Infrastructure Fund bill (HF 643), which provides $3 million to fund the Renewable Fuels Infrastructure Program. The program is designed to encourage fuel retailers to offer biofuels at the pump. 

Iowa Gov. Branstad signs bill for biofuels infrastructure funding

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