The Department of Agriculture Rural Housing Service awarded a $7.4 million Project Grant to Redfield Energy, LLC through the Biofuel Producer Program (CFDA 10.378). The grant will support Redfield Energy in providing relief to biofuel producers experiencing unexpected market losses due to COVID-19. The grant has a performance period of May 5, 2022 through May 5, 2024. As the stated purpose of the Biofuel Producer Program is to make payments to eligible biofuel producers for unforeseen negative impacts from the COVID-19 pandemic, the funding will likely be used to directly compensate Redfield Energy and other South Dakota-based biofuel producers for financial losses incurred.
Generated 1/6/24, 6:05 PM