updated 11/12/2010 11:02:33 AM ET 2010-11-12T16:02:33

The Iowa Power Fund Board has approved more than $4.2 million in funding for three energy projects that it says will generate $21 million.

Among the energy projects, Avello Bioenergy Inc. of Boone was awarded $2.5 million to build a demonstration-scale biomass plant. The plant will use local farm-based renewable resources to make sustainable petroleum replacements and other fuels for market development.

AmbroZea of Ames was awarded $1.5 million for a project involving biotechnology in Iowa's fuel-ethanol industry. And Indigo Dawn LLC of Des Moines will receive $225,000 to turn a two-story brick building in downtown Des Moines into an energy efficient building.

The Iowa Power Fund Board says it has awarded more than $47 million for 37 projects.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.78%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com