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Thursday, January 20, 2022

ND Industrial Comm. OKs pointers for nat fuel grant program

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The North Dakota Industrial Fee has accepted pointers and timelines for a Pure Gasoline Pipeline Grant Program that will convey fuel from the Bakken to central and japanese North Dakota.

The Legislature not too long ago put aside $150 million in seed cash for the pipeline in a particular session.

That features $10 million  for a brief connection between Grand Forks and the Viking Pipeline in Minnesota, to assist present fuel to a proposed corn milling facility.

The grant software deadline for that venture is March 1st…whereas the deadline for the pipeline from the Bakken is April 1st.

The rules embrace:

-requiring a minimal 60% match from the applicant…

-requiring that the applicant function as a standard service and reveal ample shipper commitments previous to receiving any funding; and…

-the institution of a Pure Gasoline Overview Committee that may evaluate the purposes and make a advice to the Fee.

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(Industrial Fee launch:)

The North Dakota Industrial Fee accepted the rules and timelines on Nov. 29 for a Pure Gasoline Pipeline Grant Program that acquired funding in the course of the current particular legislative session.

The aim of this one-time program and the appropriation is to supply grants to help the development of pipelines to move pure fuel to japanese North Dakota and increase North Dakota’s financial system, improve employment alternatives, increase sources of tax income and foster financial stability.

“The actions taken in the course of the current particular session to make the most of federal {dollars} for the event of North Dakota’s high-pressure pure fuel pipeline infrastructure is essential to growing employment, including worth to our ample pure fuel provides and stimulating financial exercise throughout the state,” the Industrial Fee stated in a joint assertion. “This infrastructure won’t solely assist North Dakota entice new trade however will improve our efforts to seize pure fuel that’s produced with oil in western North Dakota.”

The rules embrace:

  • requiring a minimal 60% match from the applicant;
  • requiring that the applicant function as a standard service and reveal ample shipper commitments previous to receiving any funding; and
  • the institution of a Pure Gasoline Overview Committee that may evaluate the purposes and make a advice to the Fee.

“This program will add much-needed pure fuel takeaway capability from western North Dakota to new and increasing companies situated proper right here in North Dakota,” stated Justin Kringstad, Director of the North Dakota Pipeline Authority. “I additionally respect the Legislature stating their intent to supply further funding help, if needed, in the course of the 2023 session to make sure the success of this one-time infrastructure program.”

The Industrial Fee, which oversees the Pure Gasoline Pipeline Grant Program, consists of Gov. Doug Burgum as chairman, Legal professional Basic Wayne Stenehjem and Agriculture Commissioner Doug Goehring.

The primary grant software deadline is March 1, 2022 for a venture to move pure fuel to Grand Forks County. The second grant software deadline for a pipeline to move pure fuel from western North Dakota to japanese North Dakota is April 1, 2022. Extra details about this system, together with the appliance course of, shall be out there Dec. 3 on the Industrial Fee web site.

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