MFA Oil in Palmyra to get share of $3.4 million invested into distribution, use of ethanol and biodiesel

JEFFERSON CITY, Mo. — The Missouri Agricultural and Small Business Development Authority (MASBDA) announced Monday it has invested nearly $3.4 million in projects that increase the distribution and use of higher blends of ethanol and biodiesel in Missouri.

One of eight projects receiving funds to increase the availability of biodiesel blends B6 or higher is the MFA Oil Company in Palmyra.

Expenses incurred during the construction, installation, upgrade or retrofit of fuel dispensers/pumps, storage tanks and other infrastructure located in Missouri qualified for partial funding from MASBDA.

“We are pleased to partner with Missouri Soybean and Missouri Corn to increase the availability of biofuels in Missouri,” MASBDA Executive Director Jill Wood said. “These projects will create demand for two of Missouri’s top commodities, which helps growers, while also offering options for consumers.”

“Biodiesel is a Missouri-made, renewable fuel that supports Missouri soybean farmers and provides more options for suppliers and fleets,” said Missouri Soybean Merchandising Council Chair Mark Lehenbauer from Palmyra. “This program is an important step in our efforts to build new demand and access for biodiesel and growth for our economy in the state.” 

“We are excited to work with our partners to incentivize additional biofuel retail locations across the state and provide drivers with increased access to homegrown fuels,” said Missouri Corn Growers Association President Matt Lambert, a corn farmer from Laclede. “Given the 2024 legislative session’s challenges, successfully securing BIIP funding is a testament to the value Missouri agriculture brings to the state’s economy. We’re excited to see this hard work continue to pay off with increased use of biofuels, stronger markets for Missouri farmers and cost-effective options at the pump.”

Funding for biofuel infrastructure is provided through funds made available by the Missouri General Assembly.

For more information on financial assistance offered by the Missouri Agricultural and Small Business Development Authority, visit MASBDA.com. For more information about the Missouri Department of Agriculture and its programs, visit Agriculture.Mo.Gov.