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DETROIT -- Michigan gas retailers that convert their pumps to an alternative fuel such as E85 or biodisel will receive up to $12,000 in incentives from NextEnergy, as it was awarded the Biofuels Infrastructure Incentive Grant from the Michigan Department of Labor and Economic Growth.
The $150,000 grant is the second part of funding for NextEnergy. The first grant, $50,000, is being dispersed among six stations that are implementing biofuel pumps at their locations.
Up to $3,000 is available as a cash incentive per station that will convert existing equipment to E85 or biodiesel. For new equipment installation of biodiesel, up to $4,000 is available; for E85, $12,000 is available for new equipment installation. To qualify, projects must be completed and operational by Aug. 31, 2007 and station owners must agree to provide the fuel for three years after receiving the incentive.
"Increasing the availability of alternative fuels and defraying the cost of distribution with this type of grant money is an essential step in reducing our dependence on fossil fuels," said Dan Radomski, market development director for NextEnergy. "The state's continued dedication to promoting alternative fuel and energy development, commercialization and availability positions Michigan well to become a world leader in the alternative energy industry."
Funding for the Biofuels Infrastructure Incentive Grant was made through a grant from the State Energy Office, a division of the State of Michigan Department of Labor and Economic Growth. Applications for grant funding must be received by December 15.