Biofuel Infrastructure Incentive Program (BIIP)
Description
The purpose of the Biofuel Infrastructure Incentive Program (BIIP) is to increase the distribution and use of biofuels in the state of Missouri. Funds from the program will be awarded to fuel retailers, fuel distributors, terminal companies, and fleet operations that are dispensing, or have plans to store or dispense ethanol blends of E15 or higher, or biodiesel blends of B6 or higher.
50% of funding is initially allocated to biodiesel projects, and 50% allocated to ethanol projects. Upon final award determination, if funding remains in one category and is needed in the other category, funds may be reallocated.
Within each category, up to 75% of the funds will be awarded to Tier 1 projects. Up to 25% of the funds will be awarded to Tier 2 projects.
Tier 1 – Any terminal company, fuel distributor, or fuel retailer with more than five (5) locations.
Tier 2 – Any fuel retailer with five (5) or less stations, fleet operations, or individual businesses.
Projects may include, but are not limited to, expenses incurred for the construction, installation, upgrade, or retrofit of fuel dispensers/pumps, related/attached equipment, underground or above ground storage tanks or tank system components, and other infrastructure located in Missouri whose sole purpose is to ensure the environmentally safe availability of fuel containing ethanol blends of E15 or higher or biodiesel B6 or higher. Adding new equipment to an existing site is permissible.
Applications will be scored using a 100 point scoring criteria:
50 points available for gallons of projected increase in throughput, with the application projecting the highest increase in throughput receiving 50 points, the next highest projected increase receiving 49 points, and so on.
50 points available for grant amount requested/projected gallon increase in throughput, with the lowest cost/gallon increase project receiving 50 points, the second lowest-cost/gallon increase project receiving 49 points, and so on.
Applications will be funded starting with the highest scoring project, according to total scores. If partial funds remain, they will be offered to the next highest scoring project until accepted.
Upon final award determination, if funding remains in one category and is needed in the other category, funds may be reallocated.
Who is Eligible?
Applicants must be a business entity that is constructing new, or retrofitting or improving existing, infrastructure or equipment which handles biodiesel fuel, biodiesel blend fuel, or ethanol blended gasoline at a facility located in Missouri. The project may include multiple locations within the state.
A business entity with both biodiesel and ethanol infrastructure needs may submit separate applications in each category and be eligible for maximum funding in each category.
Projects must be completed within 24 months from the date of grant award. All reimbursements must be made prior to December 31, 2026.
Grant Amount and Terms
Tier 1 - The maximum grant award for Tier 1 entities is 50% of eligible costs, or $500,000, whichever is less.
Tier 2 – The maximum grant award for Tier 2 entities is 75% of eligible costs, or $250,000, whichever is less.
Fees
An application fee of $500 for Tier 1 applications is due at the time of application.
An application fee of $300 for Tier 2 applications is due at the time of application.
If an application meets the eligibility requirements, but is not able to be funded due to lack of funding, the application fee will be refunded.
Application Timeline
Application Deadline: Applications must be received no later than 5:00 p.m. October 15, 2024.
Award Notification: Applicants will be notified of award amount no later than November 29, 2024.