Ethanol and Biodiesel Production Incentive

July 28, 2003

Summary

Ethanol and Biodiesel producers can receive grants of 20 cents per gallon for the first 18 million gallons produced per year for the first ten years of production. The program is funded through a 3.2 cents per gallon fee from producers; fees are matched by 5.25 times with general revenue funds. Thus the net grant amount is 16.8 cents per gallon. Biodiesel must meet ASTM standards.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Texas
Incentive Type:	Performance-Based Incentive
Web Site:
Administrator:	Texas Economic Development and Tourism Office
Start Date:	9/01/03
Eligible Renewable/Other Technologies:
Incentive Amount:	Net grant of 16.8 cpg
Terms:	Grants for first 18 mgy produced in first 10 years

Authorities

Name:	SB 275 (2003)
Date Enacted:	6/20/03
Effective Date:	9/01/03

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.