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Show M vo finonoo lstlng programs. Taken together this 524 million gallons of distillery capacity for fuel alcohol will exceed the nation's goal of 500 million gallons by the end of 1981. In most cases, projects capable of producing 15mil-lion 15mil-lion gallons or more per year will not be eligible for Farmers Home financing but may be eligible for financing financ-ing by the UJS. department of Energy. Exceptions are plants owned by cooperatives or using wood or wood wastes or residues as feedstocks, which may be eligible for financing fi-nancing by either FHA or DOE. Plants using municipal munici-pal or aquatic wastes as feedstocks will be eligible for financing by the DOE only, regardless of size. Details may be obtained at local offices of the FHA. The UJ3. Department of Agriculture's FHA has begun be-gun a new loan program to encourage the production of synthetic, non petroleum fuel from biomass materials. FHA will make lians directly di-rectly and will guarantee loans by commercial banks, and other private lenders for construction, expansion and conversion of plants producing produc-ing fuel alcohol and other types of biomass energy. The main objective is to cut the nation's dependence on imported petroleum and natural gas. The program will assist mostly alcohol fuels, but methane gas and wood energy projects are also eligible. Biomass fuel plants will help meet goals set by President Presi-dent Carter and produce at least 500 million gallons of fuel alcohol or the equivalent by the end of 1981 and 920 million gallons by the end of 1982. The new. program should ..: result in 260 million gallons of additional fuel alcohol, production capacity which roughly equal the 264 million mil-lion gallons of production capacity which will result from distillery construction already assisted with loan guarantees from USDA'sex- |