Nebraska Ethanol Producers Receive Millions in Aid | Local business news

The federal government is providing tens of millions of dollars in aid to Nebraska ethanol producers.

The United States Department of Agriculture announced last week that it is providing more than $700 million in assistance to more than 100 biofuel producers and nearly 200 facilities, including nearly $100 million to 11 biofuel producers. biofuels operating in Nebraska.

The largest amount, more than $27.4 million, went to Omaha-based Green Plains Inc., which has facilities in Nebraska, Minnesota, Illinois, Indiana, Tennessee and l ‘Iowa. Chief Industries, which has ethanol plants in Hastings and Lexington, got more than $18 million, while E-Energy Adams got $14 million.

The money, which was made available through the Biofuels Production Scheme, created under the Coronavirus Aid, Relief and Economic Security Act, is intended to help offset losses caused by the pandemic. The USDA said in a press release that the US biofuels industry suffered combined losses of 3.7 billion gallons due to the pandemic.

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“The investments we’re announcing today will pave the way for economic recovery for America’s biofuel producers, spur a critical market for America’s farmers and ranchers, and support our country’s transition to a clean energy economy,” Agriculture Secretary Tom Vilsack said in a statement. Press release.

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