USDA updates rules for biorefinery and biobased product loan guarantees
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The Department of Agriculture’s Rural Business-Cooperative Service has issued a final rule updating the Section 9003 program. This program provides loan guarantees of up to $250 million to help companies develop, build, or upgrade facilities that produce advanced biofuels, renewable chemicals, and biobased products.
Why it matters: This is an administrative update meant to streamline the paperwork and procedures for a specific federal loan guarantee program.
Who it affects
- Companies developing advanced biofuels, renewable chemicals, or biobased products
This action was taken by the USDA Rural Business-Cooperative Service; readers should consult the Federal Register for the full text before relying on these rules.
Agency: Agriculture Department, Rural Business-Cooperative Service
Source: Federal Register — read the official document