Biorefinery Assistance
Program Objective
The program provide loan guarantees for the development, construction, and retrofitting of commercial-scale biorefineries as well as biobased product manufacturing facilities.
Eligibility
Eligible Applicants
- Federally Recognized Tribal Government
- Local Government Consortium
- Municipality/Township Government
- Nonprofit Organization
- For-Profit Organization
Eligible entities under the program include: individuals, entities, Indian tribes, or units of State or local government, corporations, farm cooperatives, farmer cooperative organizations, associations of agricultural producers, National Laboratories, institutions of higher education, rural electric cooperatives, public power entities, or consortia of any of those entities.
How to Apply
Award Procedure
Based on a review of the application, the project must be eligible and have technical merit. Projects determined by the Agency to be without technical merit will not be selected for funding. The Agency will score each application in order to prioritize each proposed project.
Approval is subject to the completion of all requirements identified in the 7 CFR part 4279, subpart C.
Program details & compliance
Description
This program provides loan guarantees up to $250 million to assist in the development, construction and retrofitting of new and emerging technologies. These technologies are: advanced biofuels, renewable chemicals, and biobased products.
Mission Categories
Primary: Conservation
Other categories:
Alternative Energy Sources
Use of Funds
Allowed Uses
Loan guarantees are made to fund the development, construction, and retrofitting of commercial-scale biorefineries as well as biobased product manufacturing facilities using eligible technology.
Restrictions
Discretionary funding may be available on a annual basis The maximum loan guarantee is $250 million.
Required Documentation
Application for Federal Guarantee, feasibility Study, lender analysis and other applicable and required information as outlined in application and regulations.
Matching Requirements
Matching Requirements: Percent: 20 Applicants must identify all sources, amounts, and status of matching funds. Borrowers shall demonstrate evidence of cash equity injection in the project of not less than 20 percent of eligible project costs.
Matching requirements are mandatory.
MOE requirements are not applicable to this assistance listing
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart B — General Provisions
- Subpart C — Pre-Federal Award Requirements
- Subpart D — Post-Federal Award Requirements
- Subpart E — Cost Principles
- Subpart F — Audit Requirements
Formula
Matching Requirements: Percent: 20 Applicants must identify all sources, amounts, and status of matching funds. Borrowers shall demonstrate evidence of cash equity injection in the project of not less than 20 percent of eligible project costs.
Matching requirements are mandatory.
MOE requirements are not applicable to this assistance listing