August 24, 2023
BY Minnesota Department of Agriculture
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Iowa Secretary of Agriculture Mike Naig is encouraging Iowa fuel retailers to apply for cost-share grants through the Iowa Renewable Fuels Infrastructure Program to upgrade fueling systems and provide consumers with greater access to higher biofuel blends.
Following the opening of the most recent tranche of funding for higher blends infrastructure incentives via the Inflation Reduction Act, the Renewable Fuels Association is off to a solid start in assisting fuel retailers.
The RFA is welcoming news from popular fuel retailer Sheetz that it is slashing prices on the lower-carbon E15 fuel blend through the end of August. Sheetz is offering E15 at $2.99 at all the stations that sell the fuel.
A bipartisan group of 21 federal lawmakers on July 28 sent a letter to U.S. Treasury Secretary Janet Yellen urging the Treasury Department to adopt the U.S. DOE's GREET model as the secondary methodology for calculating the SAF tax credit.
The Iowa Renewable Fuels Infrastructure Program board approved 35 project applications totaling more than $1.6 million during its quarterly board meeting on July 20. The awards support both ethanol and biodiesel projects.