The Iowa Renewable Fuels Infrastructure Program (RFIP) has approved 74 project applications totaling more than $3.4 million in cost-share funding for Iowa fuel retailers for the first quarter to fund a record 73 ethanol cost-share projects to increase availability of E15 across the state. The board also approved one application for a new biodiesel terminal project. Once completed, these projects will expand fueling options for E15 and biodiesel blends in 38 different Iowa counties.
“Iowans are fueling their vehicles with lower cost E15 at record levels, Iowa plants are producing record volumes of ethanol, and Iowa is setting records for ethanol infrastructure investment,” said Iowa Secretary of Agriculture Mike Naig. “The Renewable Fuels Infrastructure Program is truly driving biofuels momentum, and that is important because this industry supports rural jobs, creates markets for farmers and helps us secure our energy future. With significant state and federal cost-share assistance available, there has never been a better time for fuel retailers to help Iowa drivers save money at the pump by upgrading their fueling infrastructure.”
Over the history of the program, the state has invested over $80 million while private industry has invested over $240 million.