MASBDA Invests $2 Million to Increase Distribution and Use of Fuel Alternatives
The Missouri Agricultural and Small Business Development Authority (MASBDA) announced investments of more than $2 million in projects that increase the distribution and use of higher blends of ethanol and biodiesel in the State of Missouri.
Expenses incurred during the construction, installation, upgrade, or retrofit of fuel dispensers/pumps, storage tanks and other infrastructure located in Missouri qualified for partial funding from MASBDA.
A portion of these projects received funds from the USDA Rural Development’s Higher Blends Infrastructure Incentive Program and matching funds from either the Missouri Corn Merchandising Council or the Missouri Soybean Merchandising Council.
One local business, Landes Oil Inc. of Jamesport, will receive $95,464.87 for the – installation of an above-ground biodiesel storage tank and blending controller equipment to allow for sales of higher biodiesel blends.