side-by-side-farm-bill-2024-biorefinery-renewable-chemical-biobased-product-manufacturing-assistance-program-1b28ad40500a065f.pdf

The document provides a legislative side-by-side analysis of the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. It details the program's goal of providing loan guarantees up to $250 million for advanced biofuels and bio-based products to reduce fossil fuel reliance. The House version proposes extending discretionary funding authorizations through 2029 and adjusting the availability dates for various renewable energy and biofuel infrastructure appropriations from 2031 or 2034 to 2029.

• The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program offers loan guarantees of up to $250 million for the development of facilities producing advanced biofuels, renewable chemicals, and bio-based products.
• A 2020 USDA report indicated that the U.S. bio-based products industry supported 4.6 million jobs in 2017, contributed $470 billion to the economy, and displaces 9.4 million barrels of oil annually.
• The House version of the bill proposes extending the authorization of annual discretionary funding of $75 million for the program through fiscal year 2029, whereas the current law authorized it through fiscal year 2023.
• The House version suggests modifying the definition of 'biobased product manufacturing' to include the conversion of biorefinery outputs into 'renewable chemicals, or biobased products on a commercial scale'.
• The House version proposes advancing the disbursement and outlay deadlines for several funding streams—including electric loans for renewable energy, biofuel infrastructure, and rural electric cooperative assistance—from 2031 or 2034 to September 30, 2029.
• Under current law, the Secretary of Agriculture must use a priority scoring system for loan guarantees, considering factors such as market establishment, feedstock novelty, rural economic development potential, and positive impacts on public health and the environment.

APA

Environmental and Energy Study Institute (n.d.). side-by-side-farm-bill-2024-biorefinery-renewable-chemical-biobased-product-manufacturing-assistance-program-1b28ad40500a065f.pdf. https://www.eesi.org/files/Side-by-Side-Farm-Bill-2024-Biorefinery-Renewable-Chemical-Biobased-Product-Manufacturing-Assistance-Program.pdf

Chicago

Environmental and Energy Study Institute. side-by-side-farm-bill-2024-biorefinery-renewable-chemical-biobased-product-manufacturing-assistance-program-1b28ad40500a065f.pdf. n.d. https://www.eesi.org/files/Side-by-Side-Farm-Bill-2024-Biorefinery-Renewable-Chemical-Biobased-Product-Manufacturing-Assistance-Program.pdf.

Wikipedia

{{cite report |author=Environmental and Energy Study Institute |title=side-by-side-farm-bill-2024-biorefinery-renewable-chemical-biobased-product-manufacturing-assistance-program-1b28ad40500a065f.pdf |url=https://www.eesi.org/files/Side-by-Side-Farm-Bill-2024-Biorefinery-Renewable-Chemical-Biobased-Product-Manufacturing-Assistance-Program.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{environmentalandenergystudyinstitutendsidebysidefarmbill2024biorefineryrenewablechemicalbiobasedproductmanufacturingassistanceprogram1b28ad40500a065fpdf, author = {{Environmental and Energy Study Institute}}, title = {{side-by-side-farm-bill-2024-biorefinery-renewable-chemical-biobased-product-manufacturing-assistance-program-1b28ad40500a065f.pdf}}, institution = {Environmental and Energy Study Institute}, url = {https://www.eesi.org/files/Side-by-Side-Farm-Bill-2024-Biorefinery-Renewable-Chemical-Biobased-Product-Manufacturing-Assistance-Program.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }