AreaUnited States of America

Commodity GroupBiofuels

CommodityBiofuels

Date01/06/2021

Policy CategoryRenewable energy

Policy InstrumentBioenergy policies (COVID-19-related)

DescriptionAllocated USD 700 million to biofuel producers as part of a wider package to help businesses and industries recover from losses incurred due to the COVID-19 pandemic.

NotesUNITED STATES OF AMERICA – biofuel policy – industry support (COVID-19-related): On 15 June, the US Department of Agriculture allocated USD 700 million to biofuel producers as part of wider package to help businesses and industries recover from losses due to COVID-19. The biofuel industry welcomed the initiative, emphasizing that besides striving to recover from pandemic-related market losses the sector was facing historically high feedstock costs.