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USDA Biofuels Rules - $pending more money!
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Topic: USDA Biofuels Rules - $pending more money! (Read 1594 times)
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WhiskeyGirl
Monkey All Star Jr.
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USDA Biofuels Rules - $pending more money!
«
on:
April 21, 2010, 04:28:39 AM »
Quote
USDA seeks comment on biofuels rule
(4/19/2010)
Agriculture Secretary Tom Vilsack invited public comment on several proposed rules designed to increase the production of advanced biofuels and the development of biorefineries. The programs are authorized under the Food, Conservation and Energy Act of 2008 (The Farm Bill).
The proposed rules affect the Biorefinery Assistance Program, Repowering Assistance Payments and the Bioenergy Program for Advanced Biofuels.
The proposed Biorefinery Assistance Program rule will establish guaranteed loan regulations to develop and construct commercial-scale biorefineries and to retrofit existing facilities using an eligible technology to develop advanced biofuels. Under the proposed rule, USDA Rural Development proposes a rolling application process for the consideration of loan guarantee requests. The Agency will consider a technology that is being adopted in a viable commercial-scale operation that produces advanced biofuels.
Under the proposed rule, the maximum loan amount will be $250 million; there is no minimum amount. The amount of a loan guarantee for a project will not exceed 80 percent of the total eligible project costs.
USDA is proposing to make Repowering Assistance Payments to eligible biorefineries to install new systems that encourage renewable biomass energy use and replace fossil fuels. Under the proposed rule, USDA Rural Development will propose procedures for eligible biorefineries to receive a payment equal to 50 percent of the cost of installing eligible systems, up to $5 million, whichever is less. There is no minimum payment amount. The initial payment would be a percentage of the cost of installing eligible systems. The remaining payment would be based on the amount of energy produced from renewable biomass.
Quote
USDA is proposing to make Repowering Assistance Payments to eligible biorefineries to install new systems that encourage renewable biomass energy use and replace fossil fuels. Under the proposed rule, USDA Rural Development will propose procedures for eligible biorefineries to receive a payment equal to 50 percent of the cost of installing eligible systems, up to $5 million, whichever is less. There is no minimum payment amount. The initial payment would be a percentage of the cost of installing eligible systems. The remaining payment would be based on the amount of energy produced from renewable biomass.
For the Bioenergy Program for Advanced Biofuels, USDA Rural Development is proposing to establish a payment program for eligible producers of advanced biofuels. To be eligible for payments, advanced biofuels must be produced from renewable biomass, excluding corn kernel starch. USDA would enter into contracts with advanced biofuels producers to support and ensure an expanding production of advanced biofuels.
Additional information on the proposed rules and instructions on how the public can offer comments are available in the April 16, 2010 Federal Register.
http://www.feedstuffs.com/ME2/dirmod.asp?sid=F4D1A9DFCD974EAD8CD5205E15C1CB42&nm=Breaking+News&type=news&mod=News&mid=A3D60400B4204079A76C4B1B129CB433&tier=3&nid=01ECE0D5ED584EE1A8E21AEEB90B7DBD
Where is the money coming from?
How much of the money will go to American companies?
Obama's special interests?
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
Offline
Posts: 7754
Re: USDA Biofuels Rules - $pending more money!
«
Reply #1 on:
April 21, 2010, 04:43:19 AM »
Quote
"We view these proposed rules as part of the strategy to help meet President Obama's goal to accelerate the commercial production of advanced biofuels and create a viable alternative fuels industry," Vilsack said.
The proposed rules affect the following three renewable energy programs administered by USDA Rural Development:
Biorefinery Assistance Program - The proposed rule will establish guaranteed loan regulations to develop and construct commercial-scale biorefineries and to retrofit existing facilities using an eligible technology to develop advanced biofuels. Under the proposed rule, USDA Rural Development proposes a rolling application process for the consideration of loan guarantee requests. The Agency will consider a technology that is being adopted in a viable commercial-scale operation that produces advanced biofuels.
Under the proposed rule, the maximum loan amount will be $250 million; there is no minimum amount. The amount of a loan guarantee for a project will not exceed 80 percent of the total eligible project costs.
Repowering Assistance Payments - USDA is proposing to make payments to eligible biorefineries to install new systems that encourage renewable biomass energy use and replace fossil fuels. Under the proposed rule, USDA Rural Development will propose procedures for eligible biorefineries to receive a payment equal to 50 percent of the cost of installing eligible systems, up to $5 million, whichever is less. There is no minimum payment amount. The initial payment would be a percentage of the cost of installing eligible systems. The remaining payment would be based on the amount of energy produced from renewable biomass.
Bioenergy Program for Advanced Biofuels - USDA Rural Development is proposing to establish a payment program for eligible producers of advanced biofuels. To be eligible for payments, advanced biofuels must be produced from renewable biomass, excluding corn kernel starch. USDA would enter into contracts with advanced biofuels producers to support and ensure an expanding production of advanced biofuels.
Additional information on the proposed rules and instructions on how the public can offer comments are available in the April 16, 2010 Federal Register:
http://www.access.gpo.gov/su_docs/aces/fr-cont.html#Rural%20Business-Cooperative%20Service
For some reason, that link given for the April 16 Federal Register goes to the one for Tuesday, April 20, 2010.
How would a person ever make comments?
http://usda.gov/wps/portal/usda/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os_gAC9-wMJ8QY0MDpxBDA09nXw9DFxcXQ-cAA_1wkA5kFaGuQBXeASbmnu4uBgbe5hB5AxzA0UDfzyM_N1W_IDs7zdFRUREAZXAypA!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfUDhNVlZMVDMxMEJUMTBJQ01IMURERDFDUDA!/?contentidonly=true&contentid=2010%2f04%2f0188.xml
Is this the link for April 16?
http://www.federalreserve.gov/reportforms/formsreview/FR4004_FRGFIN_FRGFINW_FRMSD4_FRMSD5_20100416_ffr.pdf
I must be missing the Biofuels part...
Logged
All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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