The U.S. Department of Agriculture will spend $450 million to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said on Monday.
The Biden administration sees the expanded use of lower-emission biofuels as critical to decarbonizing the transportation sector.
The money, which comes from the Inflation Reduction Act, will go to the USDA's Higher Blends Infrastructure Incentive Program , a cost-share program for fuel facilities to build and retrofit infrastructure that supports biofuel blending and distribution.
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