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CT SB01291
Bill
Status
2/13/2025
Primary Sponsor
Energy and Technology Committee
Click for details
AI Summary
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Expands Connecticut's existing biodiesel producer incentive program to include renewable diesel producers and distributors, effective October 1, 2025
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Qualified renewable diesel producers may receive up to 60 monthly grants: $0.30/gallon for the first 5 million gallons, $0.20/gallon for the next 5 million gallons, and $0.10/gallon for the third 5 million gallons annually, with a 15 million gallon cap per fiscal year
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New renewable diesel producers not yet in production may receive a one-time grant of up to $3 million for equipment purchases or facility construction/modification
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Qualified renewable diesel distributors may receive grants up to $50,000 per site for purchasing equipment or constructing/modifying storage and distribution facilities
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Renames the incentive account to "Connecticut qualified biodiesel and renewable diesel producer incentive account" and expands the Institute for Sustainable Energy's educational and database programs to include renewable diesel
Legislative Description
An Act Concerning Grants For Qualified Renewable Diesel Producers And Distributors.
Last Action
Public Hearing 02/18
2/14/2025