Implementing Sector: | Federal |
Category: | Financial Incentive |
State: | Federal |
Incentive Type: | Loan Program |
Web Site: | http://www.rd.usda.gov/programs-services/biorefinery-assistance-program |
Administrator: | US Department of Agriculture |
Eligible Renewable/Other Technologies: | Biomass, Municipal Solid Waste, Landfill Gas |
Maximum Loan: | Maximum loan amount: 80% of project costs or $250 million |
Loan Term: | Term: 20 years or the useful life of the project, whichever is less Rate: Lender's customary commercial interest rate, fixed or variable Fees vary with % guarantee and loan amount |
Name: | 7 CFR 4279, Subpart C. |
Date Enacted: | 2/14/2011 |
Name: | 7 USC § 8103 |
Name: | H.R. 8 (American Taxpayer Relief Act of 2012) |
Date Enacted: | 01/02/2013 |
Effective Date: | 01/02/2013 |
Name: | 9003 Interim Rule |
USDA Rural Development is offering loan guarantees for the development, construction, and retrofitting of commercial-scale biorefineries. Eligible borrowers include individuals, entities, Indian tribes, state or local governments, corporations, farm cooperatives or farm cooperative organizations, associations of agricultural producers, National Laboratories, institutions of higher education, rural electric cooperatives, public power entities, and consortium of any of these types of entities. Financed entities must provide at least 20% of the financing for eligible project costs, and applications for funding must include an independent feasibility study and technical assessment. Eligible project costs include the purchase and installation of equipment, construction or retrofitting costs, permit and licensing fees, working capital, land acquisition, and the costs of financing.
The project must meet the following requirements:
Eligible advanced biofuels include:
In 2014, "renewable chemicals" and "biofuels" were added to this program under the name of Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program to provide guaranteed loans 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.
Current application deadline is April 3, 2017.
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