Iowa Governor Terry Branstad has announced the Oak Street Station in Inwood and Farmers Cooperative in Mount Ayr have been selected as recipients of funds through the “Fueling Our Future” pilot program. Each project will receive $125,000 in cost share funding to support the increased usage of higher blends of both ethanol and biodiesel.
The governor says that when they announced the “Fueling Our Future” initiative in October 2013, they set a goal of expanding access to higher blends of ethanol. He says he’s pleased to be able to announce the two sites that have been selected, which will help grow the local economy and expand access to ethanol and biodiesel.
The Oak Street Station will build a new site in Inwood that will offer renewable fuels in five dispensers. E10, E15, E30 and E85 will be available for ethanol customers. The “e” and the number stand for the percentage of ethanol in the fuel. Diesel customers will have access to B5 year-round. That’s five percent biodiesel. B99.9 — which is almost pure biodiesel — will be offered to independent jobbers and for special use customers, such as tractor pullers and other blenders, during the summer months. The project is also eligible for funds through the Iowa Renewable Fuels Infrastructure program. The total cost of the project is $488,944.
Iowa received the $250,000 to support the Fueling Our Future pilot project from the U.S. Department of Transportation’s Congestion Mitigation/Air Quality (CMAQ) program to reduce particulate matter (PM-2.5) vehicle emissions by increasing the use of higher blends of bio-based fuels, specifically ethanol and biodiesel. Applicants were required to provide at least a 50 percent match to receive funding. The projects were selected by the Iowa Renewable Fuels Infrastructure Board.