Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program Apply online
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The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program, a visionary initiative by the U.S. Department of Agriculture (USDA) Rural Development, paves the way for the development, construction, and retrofitting of cutting-edge technologies in the fields of advanced biofuels, renewable chemicals, and biobased products. This program offers a significant financial boost by providing loan guarantees up to $250 million to support these innovations, fostering sustainability, environmental consciousness, and economic growth.
Program's Essence and Objectives
This program is a beacon of support for visionary projects that aim to redefine how we approach energy, chemicals, and products. By facilitating the expansion and establishment of new and emerging technologies, the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program encourages the creation of advanced biofuels, renewable chemicals, and biobased products that have the potential to revolutionize industries and contribute to a greener future.
Who Can Benefit and Apply
The program extends its support to a diverse range of entities including federal or state-chartered banks, cooperatives, tribes, credit unions, and more. However, the applicants must meet specific criteria and demonstrate their financial strength, as defined by the FDIC's "Well Capitalized" status. Individuals, public and private entities, state and local governments, corporations, Indian tribes, farm cooperatives, and institutions of higher education, among others, are eligible to apply.
Eligible Projects and Usage of Funds
The program supports the development, construction, and retrofitting of commercial-scale biorefineries and biobased product manufacturing facilities. These projects involve advanced technologies that not only boost biofuels and renewable chemicals but also contribute to the conversion of biobased outputs from biorefineries into end-user products. Funds can be utilized for various aspects of the project, including facility construction, equipment modernization, safety compliance, workforce development, and more.
Overview Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program
|Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program|
|To provide loan guarantees up to $250 million for the development, construction, and retrofitting of advanced biofuels, renewable chemicals, and biobased product technologies.|
|- Federal or state-chartered banks - Federally-recognized tribes - Cooperatives - Farm Credit Bank or other Farm Credit System institution with direct lending authority - Credit Unions subject to credit examination and supervision - The National Rural Utilities Cooperative Finance Corporation|
|- Individuals - Public and private entities - State and local governments - Corporations - Indian tribes - Farm Cooperatives and Farm Cooperative Organizations - Associations of Agricultural Producers - National Laboratories - Institutions of Higher Education - Public Power entities|
|- Must demonstrate "Well Capitalized" status - Must have legal authority, experience, and expertise - The project must be located in a State - Federal participation (loan guarantee + federal funding) must not exceed 80% of total project costs - Borrower and principals must make a significant cash equity contribution|
|Any of the 50 states and select territories and protectorates|
|- Development, construction, and retrofitting of commercial-scale biorefineries - Establishment of biobased product manufacturing facilities using advanced commercial-scale technology - Refinancing under certain circumstances|
|Negotiated between lender and borrower following 7 CFR 4279.233 and 4279.234|
|Two-phase application process as detailed in the program's application guide|
|- October 1 and April 1 of each year, 4:30 p.m. Eastern Daylight Time (EDT) - Late applications will be considered for the subsequent cycle if funding is available - Non-binding letter of intent to apply must be submitted at least 30 calendar days prior to application deadline|
|James Campbell at [email protected], USDA Rural Development, RBCS Programs Processing Division, 1400 Independence Avenue, SW, Mail Stop 3225, Washington, DC 20250-3225|
|Code of Federal Regulation, 7 CFR 4279, Subpart C and 7 CFR 4287, Subpart D, Agricultural Act of 2014 (2014 Farm Bill) (Pub. L. 113-79), 7 U.S.C. 8103|
|Start by submitting a Letter of Intent to the Agency at least 30 calendar days prior to application deadline|
|Refer to the program's official documentation for guidance on how to apply online|
Loan Terms and Application Process
Loan terms, including rates and specifics, are established through negotiation between the lender and borrower, adhering to program guidelines. The application process follows a two-phase approach, which is detailed in the program's documentation. The application deadlines are October 1 and April 1 of each year, providing applicants the opportunity to plan their submissions accordingly.
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The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program holds immense significance in promoting innovation, sustainability, and economic growth. By supporting visionary projects, it contributes to reducing the carbon footprint, enhancing supply chain resilience, and fostering advancements in renewable energy and sustainable manufacturing.
For those interested in embarking on this transformative journey, the first step is to submit a Letter of Intent to the Agency at least 30 calendar days prior to the application deadline. This initial step ensures that applicants are on the right track and can proceed with their comprehensive application process.
The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program stands as a testament to the USDA Rural Development's commitment to promoting sustainable technologies, fostering innovation, and building a more eco-conscious and economically robust future. It's a beacon for those who dare to innovate and lead the way towards a greener world.
What does this program do?
This 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.
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Who may apply for this program?
You must have legal authority, experience, and expertise and demonstrate that you meet the FDIC definition of “Well Capitalized” at the time of application and issuance of the Loan Note Guarantee, including:
- Federal or state-chartered banks.
- Federally-recognized tribes.
- Farm Credit Bank, or other Farm Credit System institution with direct lending authority.
- Credit Unions subject to credit examination and supervision by a state agency or the National Credit Union Administration.
- The National Rural Utilities Cooperative Finance Corporation.
What kind of borrower may the lender request a guarantee for?
- Public and private entities.
- State and local governments.
- Indian tribes.
- Farm Cooperatives and Farm Cooperative Organizations.
- Associations of Agricultural Producers.
- National Laboratories.
- Institutions of Higher Education.
- Public Power entities.
Are there additional requirements?
The project must be located in a State. The total amount of federal participation (loan guarantee, plus other federal funding) must not exceed 80 percent of the total eligible project costs. The borrower and other principals involved in the project must make a significant cash equity contribution.
How may funds be used?
- Commercial-scale biorefineries using eligible technology.
- Biobased product manufacturing facilities that use technologically new commercial-scale processing and manufacturing equipment to convert renewable chemicals, and other biobased outputs of biorefineries, into end-user products on a commercial scale.
- Refinancing, in certain circumstances, may be eligible.
- In broad terms, two types of projects are eligible for the program – biorefineries, and biobased product manufacturing facilities.
What are the application deadlines?
Unless otherwise specified by the Agency in a notice published in the Federal Register, application deadlines are 4:30 p.m. Eastern Daylight Time (EDT) on October 1 and April 1 of each year. If the application deadline falls on a weekend or an observed holiday, the deadline will be the next federal business day. Any application received after 4:30 p.m. (EDT) on the application closing date will be considered for the subsequent application cycle, if funding is available.
For each guarantee request, the Lender or the Borrower must submit to the Agency a non-binding letter of intent to apply for the loan guarantee no fewer than 30 calendar days prior to the application deadline. If the letter of intent deadline falls on a weekend or an observed holiday, the deadline will be the next federal business day. Complete applications must be received by the Agency on or before April 1 of each year to be considered for funding for that fiscal year.
Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program Apply online
he first step to apply is for the applicant (lender or the borrower) to submit to the Agency a Letter of Intent to apply for a loan guarantee. The Agency must receive the Letter of Intent at least 30 calendar days prior to the application deadline.
NOTE: Please contact [email protected] before attempting to fill out any forms or applications for this program. This will save you valuable time in completing your application. Please refer to the Application Guide for detailed instruction and guidance for submitting your application.
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Some required documents for Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program
While the specific required documents for the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program may vary based on individual project details and the application process, here are some commonly required documents that applicants may need to provide
- Letter of Intent (LOI): A non-binding letter expressing your intent to apply for the program. This is often a preliminary step to notify the agency of your interest in seeking financial assistance.
- Business Plan: A comprehensive business plan outlining the details of your project, including technology description, project goals, market analysis, financial projections, and operational strategies.
- Project Description: A detailed explanation of your proposed project, including its objectives, scope, technologies, and the specific biofuels, renewable chemicals, or biobased products it will focus on.
- Financial Statements: Recent financial statements that provide insights into your organization's financial health, stability, and ability to contribute to the project's costs.
- Environmental Assessment: Documentation demonstrating the environmental impact assessment of the proposed project, including any potential effects on the local environment, community, and surrounding ecosystems.
- Feasibility Study: An evaluation of the project's technical, economic, and financial viability, which can help assess the likelihood of success and return on investment.
- Ownership and Organizational Structure: Documentation proving ownership and organizational structure of the entity applying for the program.
- Technology Description: Detailed information about the advanced technologies you intend to use, their commercial readiness, and how they contribute to the production of biofuels, renewable chemicals, or biobased products.
- Permitting and Compliance Documentation: Documentation demonstrating your compliance with relevant federal, state, and local regulations, including necessary permits, licenses, and certifications.
- Legal Documentation: Legal agreements, contracts, and any other legal documentation related to the project, such as supplier agreements or intellectual property rights.
- Timeline: A projected timeline detailing the various phases of your project, including milestones, expected completion dates, and key deliverables.
- Market Analysis: A thorough analysis of the target market for your biofuels, renewable chemicals, or biobased products, including potential customers, demand, competition, and pricing strategies.
- Workforce Development Plan: A plan outlining how you intend to train and develop the workforce required for the project, including recruitment, training, and retention strategies.
- Equity Contribution: Documentation proving that the borrower and other principals involved in the project are making a significant cash equity contribution.
- Credit Information: Information about your credit history and financial standing, which may be required for loan eligibility assessment.
Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program Specialty
- Promoting Sustainable Solutions: The program prioritizes projects that contribute to sustainability by advancing technologies that produce biofuels, renewable chemicals, and biobased products. These technologies have the potential to reduce the dependence on fossil fuels, lower greenhouse gas emissions, and promote a more environmentally-friendly industrial landscape.
- Supporting Emerging Industries: By providing loan guarantees up to $250 million, the program supports the growth of emerging industries related to biofuels, renewable chemicals, and biobased products. This support encourages the development of new technologies and expands the scope of industries that utilize renewable resources.
- Catalyzing Innovation: The program aims to drive innovation in the field of biorefineries and manufacturing of biobased products. It offers financial assistance for projects that involve cutting-edge technologies, encouraging participants to push the boundaries of what is possible in sustainable production.
- Enhancing Supply Chain Resilience: The program's focus on enhancing the supply chain resilience aligns with the need for robust and adaptable production systems. By supporting the expansion of processing capacity and the development of new technologies, the program helps strengthen supply chains within the biorefinery and biobased product sectors.
- Inclusivity in Eligibility: The program invites a wide range of entities to participate, including banks, tribes, cooperatives, farm credit institutions, credit unions, and various public and private organizations. This inclusive approach encourages diverse participation and collaboration in advancing renewable technologies.
- Catalyst for Economic Growth: Through providing financial support for projects that create and enhance processing capacity, the program contributes to economic growth by fostering job creation, technological innovation, and the development of new markets for biobased products.
- Focus on Rural Development: As part of the USDA Rural Development efforts, the program contributes to the economic development of rural areas. By encouraging the establishment of biorefineries and related facilities in these regions, the program promotes economic diversification and stability.
- Environmental Stewardship: The emphasis on environmental impact assessment and compliance with regulations reflects the program's commitment to responsible and sustainable development. This ensures that projects adhere to environmental standards and minimize adverse effects on the ecosystem.
- Multi-Dimensional Projects: The program recognizes the interconnectedness of technology, market demand, and economic viability. It supports projects that encompass multiple dimensions, from technical feasibility to market readiness and financial sustainability.
- Holistic Approach: By considering various aspects such as technology, financial viability, environmental impact, and workforce development, the program takes a holistic approach to project evaluation, ensuring that approved projects have a comprehensive and well-rounded foundation.
Biorefinery Renewable Chemical and Biobased Product Manufacturing Assistance Program Apply online FQAs
Q1: How do I apply for the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program online?
A1: To apply for the program online, follow these steps:- Visit the official website of the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. Navigate to the "Apply" or "Application Process" section. Review the guidelines and instructions provided for the online application process. Click on the link to access the online application portal. Create an account or log in if you already have one. Complete the application form by providing all the required information and documentation. Review your application before submitting it. Submit the application electronically through the online portal. You may receive a confirmation email acknowledging the receipt of your application.
Q2: Who is eligible to apply for this program?
A2: Eligible applicants include individuals, public and private entities, state and local governments, corporations, Indian tribes, farm cooperatives, associations of agricultural producers, national laboratories, institutions of higher education, and public power entities. Eligible entities must have legal authority, experience, and expertise, and meet the financial criteria outlined in the program guidelines.
Q3: What kind of projects are eligible for funding under this program?
A3: Projects eligible for funding include the development, construction, and retrofitting of commercial-scale biorefineries that use eligible technology and biobased product manufacturing facilities using technologically new commercial-scale processing and manufacturing equipment. The program focuses on advancing advanced biofuels, renewable chemicals, and biobased products.
Q4: What are the maximum and minimum award amounts for this program?
A4: The maximum award amount is $250 million, or 30 percent of total project costs, whichever is less. The minimum award amount is $250,000 for eligible projects.
Q5: What documents are required to complete the online application?
A5: While the specific documents required may vary based on the nature of your project and the application process, common required documents may include a business plan, project description, financial statements, environmental assessment, technology description, feasibility study, ownership and organizational structure documents, workforce development plan, and more. Refer to the official program guidelines for a comprehensive list of required documents.
Q6: What are the deadlines for application submission?
A6: Application deadlines are typically at 4:30 p.m. Eastern Daylight Time (EDT) on October 1 and April 1 of each year. Applications received after the deadline may be considered for the subsequent application cycle if funding is available. A non-binding letter of intent to apply for the loan guarantee must be submitted no fewer than 30 calendar days prior to the application deadline.
Q7: How can I contact someone for assistance or more information about the program?
A7: For more information and assistance, you can contact James Campbell at [email protected]. You can also reach out to USDA Rural Development at the following address:- USDA Rural Development RBCS, Programs Processing Division 1400 Independence Avenue, SW, Mail Stop 3225 Washington, DC 20250-3225
Q8: What law governs the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program?
A8: The program is governed by the Code of Federal Regulation, 7 CFR 4279, Subpart C, and 7 CFR 4287, Subpart D. The program is authorized under 7 U.S.C. 8103 and is consistent with the Agricultural Act of 2014 (2014 Farm Bill) (Pub. L. 113-79).