This bill amends federal law to strengthen support for biorefinery and renewable chemical manufacturing. It expands the existing biorefinery assistance program to include advanced biofuels like ultra-low-carbon bioethanol, renewable chemicals, and biobased products. The bill adds a new competitive grant program for pilot and demonstration projects alongside existing loan guarantees, with grants capped at 60 percent of project costs and requiring non-federal cost-sharing. The legislation authorizes $40 million annually from fiscal years 2024 through 2028 for these programs and allows the Secretary of Agriculture to waive feasibility studies for proven technologies. The grants will prioritize projects that use innovative feedstocks or processes, work with farmer cooperatives, support rural development, and demonstrate environmental and energy security benefits.
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