USDA announces REAP funding for energy through biomass

17 November 2011 21:59  [Source: ICIS news]

HOUSTON (ICIS)--The US Department of Agriculture (USDA) said on Thursday it is funding a series of projects to convert biomass to energy through its Rural Energy for America program. (REAP).

The government agency’s announcement concluded 2011 biomass project funding assistance for a total of 52 projects with just over $31m (€23m) in grant and loan note guarantees through REAP.

The support helped to leverage a total of $154.5m of biomass project development in 26 states, which will help produce clean, renewable heat and power for farms and small businesses in rural America.

The funding recipients announced on Thursday are listed below:

- Alaskan Brewing $448,366 grant.

- EWP LLC $146,281 grant.

- NC-CHP Owner I $5m loan.

- Iowa Firewood Products $24,232 grant.

- CommonWealth Resource $49,875 grant.

- Legend Seeds $17,035 grant.

- Mountain Wood Products $500,000 grant.

-Washakie Renewable Energy $496,750 grant.

USDA funding is contingent on the recipient meeting the conditions of the grant or loan agreement. REAP grants can finance up to 25% of a project's cost, up to $500,000 for renewable energy systems and $250,000 for energy efficiency improvements.

($1 = €0.74)

For more on biomass visit ICIS chemical intelligence

By: Brian Balboa
+1 713 525 2653

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