Higher Blends Infrastructure Incentive Program (HBIIP) Overview & Opportunities Webinar (September 11)

Discover how to leverage the $450 million in new funds announced by USDA, tailored for wholesale and retail heating oil distributors.

Join NEFI on Monday, September 11th from 11 am-12 pm ET, for an informative webinar on the Higher Blends Infrastructure Incentive Program (HBIIP) by the U.S. Department of Agriculture (USDA). This federal grant program supports investments in biodiesel infrastructure, covering up to 75% of project costs.

Discover how to leverage the $450 million in new funds announced by USDA, tailored for wholesale and retail heating oil distribution facilities, funds will be offered in tranches through quarterly application windows, with the first now open (applications due September 30, 2023). Additional funds will be offered quarterly through Sept 30, 2024. Note that $4.5 million will be reserved for heating oil businesses per quarter, offering a strategic opportunity to upgrade your fuel dispensers, blending equipment, storage tanks, and more. In addition, each quarterly release includes $18 million for fuel distribution facilities, including terminal operations, and $67.5 million for transportation fueling facilities, including fueling stations and convenience stores, among others.

The webinar includes insights from USDA representatives and offers a Q&A session. We encourage all heating oil dealers, particularly those exploring biodiesel-blended heating oil, to register for this important educational opportunity.