September 11 Webinar: USDA Biodiesel Grant Overview & Opportunities

NEFI is hosting a webinar today from 11am -12pm which will outline the Higher Blends Infrastructure Incentive Program (HBIIP) which is facilitated by the U.S. Department of Agriculture (USDA). This federal grant program supports investments in biodiesel infrastructure, covering up to 75% of project costs. Recent changes to the HBIIP have carved out specific opportunities for wholesale and retail heating oil distributors.

HBIIP funds will be offered in tranches through quarterly application windows, with the first now open (applications due September 30, 2023). Additional funds will be offered quarterly through Sept 30, 2024. Note that $4.5 million will be reserved for heating oil businesses per quarter, offering a strategic opportunity to upgrade your fuel dispensers, blending equipment, storage tanks, and more. In addition, each quarterly release includes $18 million for fuel distribution facilities, including terminal operations, and $67.5 million for transportation fueling facilities, including fueling stations and convenience stores, among others.

The webinar includes insights from USDA representatives and offers a Q&A session. We encourage all heating oil dealers, particularly those exploring biodiesel-blended heating oil, to register for this important educational opportunity.