Federal loan guarantees for biofuels get a rulebook cleanup
What happened
The US Agriculture Department updated its loan guarantee program for advanced biofuels and biobased products. The goal is to make it simpler for companies to get money for new technologies.
Why it matters
The US government has a program to fund new biofuel and biobased product factories. This rule aims to make it simpler for companies to access those funds, potentially speeding up the construction of these facilities. The program offers up to $250 million per project.
The signal
Watch for an increase in the number or speed of loan approvals for these projects in the next year.