FOR MORE INFORMATION:
Monte Shaw, 515-252-6249

FOR IMMEDIATE RELEASE

June 25 , 2008

Iowa Renewable Fuels Infrastructure Program Awards Grants to Expand Biodiesel and E85 Consumer Access

First E85 Blender Pumps Approved in Iowa

JOHNSTON, IA – The Iowa Renewable Fuels Association (IRFA) today applauded the Iowa Renewable Fuels Infrastructure Program for awarding new grants for E85 and biodiesel retail and terminal infrastructure.  For Iowa retailers, grants are available that cover up to 70 percent of total expenses up to a maximum of $50,000 (five-year contract) for E85 dispensers or blender pumps and biodiesel dispensers or blender pumps.

Once a retailer installs their first E85 or biodiesel pump, they are eligible for an additional multi-site bonus grant of $6,000 per location for adding E85 or biodiesel infrastructure to additional sites within a 12-month period up to a maximum of $24,000.

“These grants will serve as a springboard for new E85 and biodiesel retail locations as well as biodiesel wholesale locations,” said Lucy Norton, IRFA Managing Director. “Changes made to the grant limits this year have sparked enhanced interest in the program.  Coupled with the availability of blender pumps, we expect to see more applicants moving forward.”

Four blender pumps were included in this round of grants.  These are the first blender pumps to receive grants in Iowa. A blender pump can allow up to five different products from one dispenser. Blender pumps provide more choices for consumers at the pump while offering greater flexibility and security for retailers.

Renewable Fuel Infrastructure Program Grant Approvals

Company                                                         Project Location         Type      _________

Northwest Ethanol Supply                            Orange City                  Biodiesel Terminal         

Five Star Coop                                             Mason City                  Biodiesel Terminal

Oak Street Station LLC                                Inwood                        Biodiesel Retail

Galva Holstein Ag, LLC                                Holstein                       Biodiesel Retail

Love’s Travel Stops & Country Stores          Newton                       Biodiesel Retail

Galva Holstein Ag, LLC                                Galva                           E85 Blender

Galva Holstein Ag, LLC                                Holstein                       E85 Blender

Popkes Car Care Inc.                                   Rock Rapids                E85 Blender

Oak Street Station LLC                                Inwood                        E85 Blender

Country Stores of Carroll                              Carroll                         E85 Retail

Mother Hubbard’s #6                                   Davenport                    E85 Retail

34 Gas ‘n More                                            Ottumwa                      E85 Retail

Farmer’s Coop Association                          Forest City                   E85 Retail

The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s ethanol and biodiesel producers. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.

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For more information, visit the Iowa Renewable Fuels Association website at:  www.IowaRFA.org.