The Department of Agriculture Rural Housing Service awarded a $29,933,337.44 Project Grant to ACE Ethanol LLC through the Biofuel Producer Program (CFDA 10.378). The grant will provide funding from May 2022 through May 2024 to support ACE Ethanol LLC in producing biofuels and offsetting unexpected market losses due to COVID-19, as authorized under the Biofuel Producer Program. Specifically, the grant award will make payments to the biofuel producer for financial assistance to counteract impacts of the pandemic, consistent with the program's goal of supporting the domestic biofuels industry during national emergencies.
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