Factsheet: Biorefinery Assistance Federal Loan Program

Biorefinery Assistance Federal Loan Program

Key Information
Full name of Instrument & Measure (English): 
Biorefinery Assistance Federal Loan Program
Description: 
§ 4279.202 subpart C; 7 USC § 8103; C112:H.R.8 -- American Taxpayer Relief Act of 2012 SEC. 404, 405, 410: § 4279.202 subpart C: the purpose and scope is to provide financial assistance for the development and construction of commercial-scale biorefineries or for the retrofitting of existing facilities using eligible technology for the development of advanced biofuels 7 USC § 8103 grants to assist in paying the costs of the development and construction of demonstration-scale biorefineries to demonstrate the commercial viability of 1 or more processes for converting renewable biomass to advanced biofuels; and guarantees for loans made to fund the development, construction, and retrofitting of commercial-scale biorefineries using eligible technology. SEC. 404. Extension and modification of cellulosic biofuel producer credit, SEC. 405. extension of incentives for biodiesel and renewable diesel and sec. 410. extension and modification of special allowance for cellulosic biofuel plant property. The purpose and scope is to provide financial assistance for the development and construction of commercial-scale biorefineries or for the retrofitting of existing facilities using eligible technology for the development of advanced biofuels.
Goal/Aim: 
Support investments in advanced biofuels

Type (and subtype) :

Responsible Authority: 
U.S. Department of Agriculture

Status:

Trade Relevance: 
Policies stimulating domestic use of biomass => availability for export
Year Instrument & Measure Started: 
2009
Year Instrument & Measure Ended: 
2013