House biofuels plan proposes $2 bln for plants

The U.S. government would underwrite up to $2 billion in construction of biorefineries and bioproduct plants under a House Agriculture Committee plan being considered this week.

The bioenergy package would authorize a total of $4.5 billion for biomass research and loan guarantees to biofacilities through fiscal 2012. An Agriculture subcommittee was scheduled to discuss the package on Tuesday.