USDA awards $25 million for construction of Iowa biofuel factory

Posted by IronPlanet on Jan 19, 2012 11:57:00 PM

Agriculture Secretary Tom Vilsack has announced that the U.S. Department of Agriculture will soon allocate $25 million to help fund the construction of a biorefinery plant in Iowa. The 55,000 square-foot facility will help produce millions of gallons of renewable energy a year. Construction of the factory itself will lead to about 40 extra jobs.

"This project is another step the Obama administration is taking to support production of a new generation of renewable fuels, in order to build an active biofuels and biomass production industry in every region of the country," Vilsack said. "Investments in renewable energy create jobs and reduce America's dependence on foreign oil."

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Topics: Construction, Industry Headlines