The Biden administration has allocated $500 million in Inflation Reduction Act funds to amplify the availability of domestic biofuels.
On June 26, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced the first round of funding for 59 infrastructure projects as well as an additional $450 million in grants.
“President Biden’s Inflation Reduction Act is a historic investment that will expand clean energy, lower costs for Americans, and build an economy that benefits working families and small businesses,” Vilsack commented in a statement. “By expanding the availability of homegrown biofuels, we are strengthening our energy independence, creating new market opportunities and revenue streams for American producers, and bringing good-paying jobs and other economic benefits to rural and farm communities.”
