Committee Proposes $2 Billion In Loans For U.S. Biofuel Plants

WARWICK, N.Y. (DTN) -- The United States House Agriculture Committee has proposed USDA provide $2 billion in loan guarantees over five years for the construction of biorefineries and biofuel production plants, according to a draft of the House agriculture reauthorization bill.

In addition, the bill would authorize $500 million in spending over five years for renewable energy systems and energy efficiency and another $500 million for biomass research and development.

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