UI Student Business Wins $50,000 Federal Grant to Develop Biomass for Energy
A University of Iowa-based student business has received a $50,000 federal grant to help develop a system of helping farmers transport biomass to utilities, large industries, and biofuel companies for conversion to electricity.
The company, 3Fueled, LLC, is owned by founder Zach Hedrington, a UI law student, and is based in the John Pappajohn Entrepreneurial Center's Bedell Entrepreneurial Learning Laboratory. The grant is to help the company achieve its goal of producing and transporting 3.6 million tons of biomass, mostly agricultural residue, for conversion to energy by 2014.
The grant was awarded by the U.S. Department of Agriculture as part of its Rural Energy for American Program.
Contact: Tom Snee, UI News Services, 319-384-0010