By Andi Anderson
The Iowa Renewable Fuels Infrastructure Program (RFIP) Board has taken a significant step forward by approving more than $3.4 million in cost-share funding for 74 projects during its latest quarterly meeting. This unprecedented approval includes 73 ethanol cost-share projects, marking a quarterly record and reflecting the growing momentum of the biofuels industry in Iowa.
These projects are poised to introduce new ethanol infrastructure, expanding Iowans' access to the cost-effective and cleaner-burning E15. Additionally, the board gave the green light to one application for a biodiesel terminal project, further diversifying fueling options for E15 and biodiesel blends across 38 different Iowa counties.
The RFIP program plays a vital role in supporting fuel retailers in providing higher blends of domestically produced and more affordable biofuels to consumers. By incentivizing the installation, replacement, and conversion of ethanol and biodiesel dispensing and storage infrastructure, the program contributes to the growth of sustainable energy options.
Iowa Secretary of Agriculture Mike Naig expressed enthusiasm about the positive trajectory of the biofuels industry in Iowa. With the support of state and federal cost-share assistance, Naig encourages fuel retailers to seize the opportunity to upgrade their infrastructure, benefiting Iowa drivers and supporting rural jobs.
A breakdown of the total RFIP funding for the current fiscal year reveals significant allocations to various biofuels infrastructure projects. These include E85, E15, and biodiesel initiatives, as well as investments in biodiesel terminal projects. The RFIP Board is set to review additional grant applications in its upcoming spring 2024 meeting, further driving biofuels expansion in the state.
Photo Credit: vista-mipan
Categories: Iowa, Energy