Renewable Fuels Incentive Board
The Renewable Fuels Promotion Act of 2005 created the Renewable Fuels Incentive Board. Designed to attract investment in the bio-fuels industry and to offer farmers additional market opportunities for their small grains and soybeans, the Act authorizes the award of up to a $0.20 per gallon financial credit for the production of qualifying renewable fuels.
The Act will give Maryland farmers an opportunity to realize additional value for their commodities. The Renewable Fuels Incentive Board, consisting of the Secretaries of Agriculture, the Environment, and Business and Economic Development and the Director of the Maryland Energy Administration, is now accepting applications for production credits from qualifying producers.
You can download a cover letter with more information about the program and an application for production credits from this website, or call Mark Powell at 410-841-5775 for more information. Please make sure to read the applicable cover letter, containing all pertinent program details, before submitting an application.
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