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Boosting Biofuel and Renewable Product Manufacturing with New Federal Grants.

This law expands federal financial support for companies converting agricultural biomass into advanced biofuels (including zero-carbon options), renewable chemicals, and biobased products. It introduces a new system of competitive grants alongside existing loan guarantees, aiming to spur innovation, create rural jobs, and enhance domestic energy security. Citizens may see the development of more sustainable products and cleaner energy sources.
Key points
New Grant Funding: Companies can now apply for competitive grants (covering up to 60% of project costs) to build or upgrade biorefineries producing sustainable fuels and chemicals.
Focus on Innovation: The program prioritizes projects that use new agricultural feedstocks, demonstrate positive environmental impact, and contribute to rural economic development.
Financial Commitment: $40 million annually is authorized for fiscal years 2024 through 2028 to fund these projects, supporting the growth of clean energy and sustainable manufacturing.
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Expired
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Additional Information
Print number: 118_S_2987
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2023-09-28
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Agricultural Biorefinery Innovation and Opportunity Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2987.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-28.

What are the main provisions?

Key points include:

  • New Grant Funding: Companies can now apply for competitive grants (covering up to 60% of project costs) to build or upgrade biorefineries producing sustainable fuels and chemicals.
  • Focus on Innovation: The program prioritizes projects that use new agricultural feedstocks, demonstrate positive environmental impact, and contribute to rural economic development.
  • Financial Commitment: $40 million annually is authorized for fiscal years 2024 through 2028 to fund these projects, supporting the growth of clean energy and sustainable manufacturing.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Agriculture Environment Economy