“As the ethanol industry continues to grow, we feel it is imperative to utilize more of this environmentally friendly renewable energy source. The grant monies we received from the USDA will help facilitate this initiative,” said GOED Commissioner Pat Costello.
One of the biggest changes to the Ethanol Infrastructure Program is that successful grant applicants will now have the opportunity to receive up to 90 percent of the first $29,000 in costs for each blender pump, otherwise known as flex pumps. Another change to the program allows for additional funding for the state’s storage tank installation program. That program helps stations purchase and install additional fuel storage if needed for the installation of new ethanol blender pumps. The storage tank program will now pay costs of a new tank at 90 percent of the first $40,000 in costs.
GOED’s Ethanol Infrastructure Incentive Program has two components: the Ethanol Flex Pump Program and the Storage Tank Program. For a complete list of guidelines and requirements and a downloadable application form or Intent to Apply, please visit www.sdreadytowork.com/ethanolprograms.