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Claypool business gets $3.7 million biofuel payment

A northeast Indiana company has been awarded $3.7 million by the U.S. Department of Agriculture to support production of advanced biofuel.

The $3,719,721 payment to Claypool-based Louis Dreyfus Agricultural Industries is part of a $60 million push to support an “all-of-the-above” energy strategy, according to a statement issued by Deputy Under Secretary Doug O’Brien.

Nearly 200 biofuel companies nationwide are getting funding through the Advanced Biofuel Payment Program, in which payments are made to producers based on the amount of advanced biofuels produced from renewable biomass other than corn kernel starch.

This could be crop residue; animal, food and yard waste; vegetable oil; and animal fat, the statement said.

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