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For Immediate Release
Monday, October 31, 2016

 


 
 

CONTACT: Governor’s Office 515-281-5211

Additional $368,200 awarded to help install 15 new blender pumps and 3 underground
storage tanks through the “Fueling our Future 100” Initiative

Awards part of 4th round of funding

(DES MOINES) – Iowa Gov. Terry Branstad, Lt. Gov. Kim Reynolds and Sec. of Agriculture Bill Northey today announced that $368,200 has been awarded through the 4th round of the “Fueling Our Future 100” initiative to support the installation of 15 new blender pumps and 3 underground storage tanks that can be used to distribute higher blends of renewable fuels.  The funds are being awarded to 6 fuel retailers to assist in installing renewable fuels infrastructure at 7 sites across the state.

A full list of sites receiving funding can be found here

In total, 217 blender pumps and 18 underground storage tanks will be installed at 70 sites by 17 companies to provide consumers with access to higher blends of ethanol through the program.

The funding for the projects is from a $5 million competitive grant from the United States Department of Agriculture (USDA) Biofuel Infrastructure Partnership (BIP) program Iowa received to support the initiative.  All funds must be matched by non-federal funds, including up to $2.5 million from the Iowa Renewable Fuels Infrastructure program.  The fueling sites applying for assistance will also be required to provide a minimum of $2.5 million.

Pumps and tanks funded through this round of funding for the program are required to be operational by the end of the federal fiscal year on September 30, 2017.  Pumps and tanks funded through this program are required to be in operations for the intended purpose of dispensing higher blends of ethanol for at least 5-years from the date they enter service.

This new program is a partnership across state government, including collaboration between the Governor’s office, Iowa Department of Agriculture and Land Stewardship, Iowa Department of Transportation, and Iowa Economic Development Authority.

 

 
 
Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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