Higher Blends Infrastructure Incentive Program (HBIIP)

What does this program do?The purpose of HBIIP is to increase significantly the sales and use of higher blends of ethanol and biodiesel by expanding the infrastructure for renewable fuels derived from U.S. agricultural products.The program is also intended to encourage a more comprehensive approach to market higher blends by sharing the costs related to building out biofuel-related infrastructure.Who may apply?Transportation fueling facilities including:Fueling stations, convenience stores, hypermarket fueling stations, fleet facilities (including rail and marine), and similar entities with capital investments;Fuel distribution facilities, such as:Terminal operations, depots, and midstream partners, and similarly equivalent operations.What funding is available?Under HBIIP, approximately $100 million is made available to:Fueling stations, convenience stores, hypermarket fueling stations, fleet facilities, and similar entities with capital investments) for eligible implementation activities related to higher blends of fuel ethanol greater than 10 percent ethanol, such as E15 or higher; and biodiesel greater than 5 percent biodiesel, such as B20 or higher; andTerminal operations, depots, and midstream partners, for eligible implementation activities related to higher blends of fuel ethanol greater than 10 percent ethanol, such as E15 or higher, and biodiesel greater than 5 percent biodiesel, such as B20 or higher.What are the terms?Awards to successful applicants will be in the form of cost-share grants for up to 50 percent of total eligible project costs, but not to exceed $5 million, whichever is less.
Categories: Business and Commerce, Energy, Transportation, Environment.