Bill > S2467

This bill aims to improve support for agricultural biorefineries, renewable chemicals, and biobased product manufacturing by amending the Farm Security and Rural Investment Act of 2002. The bill expands the existing biorefinery assistance program to specifically include development of advanced biofuels like ultra-low-carbon and zero-carbon bioethanol, and introduces a new competitive grant program to help eligible entities develop, construct, or retrofit pilot or demonstration-scale biorefineries. The grants will be awarded based on a priority scoring system that considers factors such as market potential, financial participation, innovative feedstock or technology use, potential for rural economic development, and contributions to energy security. Grant amounts will be limited to 60% of project costs, with non-Federal matching contributions allowed. The bill authorizes $40 million in funding annually from 2025 through 2029 to support these initiatives, with the goal of advancing renewable energy and chemical production technologies that can help reduce carbon emissions and support rural economic development.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/2467/all-info