Revisions to the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Loan Program
Key claim: USDA’s Rural Business-Cooperative Service is finalizing revisions to the Section 9003 Biorefinery, Renewable Chemical, and Biobased Product Manufacturing loan guarantee program to clarify, improve, and enhance program delivery.
Abstract
(Rule · Agriculture Department, Rural Business-Cooperative Service) The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Program (also referred to as the Section 9003 program) provides loan guarantees up to $250 million to assist in the development, construction, and retrofitting of new and emerging technologies. These technologies are: advanced biofuels, renewable chemicals, and biobased products. Collectively, Rural Development’s guaranteed loan programs assist in building and maintaining sustainable rural communities. This final rule incorporates revisions intended to clarify, improve, and enhance the delivery of the loan guarantee program.
Why this matters
USDA’s Rural Business-Cooperative Service is finalizing revisions to the Section 9003 Biorefinery, Renewable Chemical, and Biobased Product Manufacturing loan guarantee program to clarify, improve, and enhance program delivery.