USDA to announce $700 MM in biofuel grants

The Biden administration is expected to announce $700 MM in COVID-related biofuel industry grants on Tuesday, pairing the announcement with new biofuel mandates that are likely to disappoint the industry, according to two sources familiar with the announcement.

The $700 MM in aid for biofuel producers is part of the USDA Pandemic Assistance for Producers initiative first announced in March and paid for with discretionary funding and other COVID funding that went unspent by the previous administration.

The administration is also set to announce $100 MM in new biofuel infrastructure aid on Tuesday, according to two sources familiar with the matter.

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