Biotech Updates

US Bioenergy Program to Pay Advanced Biofuel Producers

May 29, 2013
News article: http://www.ethanolproducer.com/articles/9881/usda-announces-payments-to-advanced-ethanol-producers

The US Department of Agriculture has announced $14 million in payments to advanced biofuel producers in 38 states under the Bioenergy Program for Advanced Biofuels.

The payments to be awarded are based on the amount of advanced biofuel produced from biomass sources other than corn starch, as part of the government's commitment to support the development of domestic, renewable energy sources.

Under the Bioenergy Program for Advanced Biofuels, more than 280 producers in 445 states have received a total of $192.5 million in payments. According to the USDA, the program has supported the production of more than 3 billion gallons of advanced biofuel and the equivalent of more than 36 billion kilowatt hours of electricity.