Failed Anti-Ethanol Amendment is a victory for consumers

- The United States Senate stood up for America’s renewable fuels industry today as they voted against Oklahoma Senator, Tom Coburn’s anti-ethanol amendment with a vote of 59-40. The proposed amendment would have taken away the young industry’s incentives including VEETC (the blender’s credit) and the tariff on imported ethanol. The Amendment would also have raised […]

U.S. Senators introduce Domestic Energy Promotion Act

- Wednesday morning Senators Chuck Grassley of Iowa and Kent Conrad of North Dakota introduced the Domestic Energy Promotion Act of 2011. This bipartisan legislation would revamp the ethanol tax policies while increasing domestic energy production, energy independence and improving national energy security. “Our nation is spending more than $850 million every day on imported energy,” […]

Serious Subsidy Talk

- With all of the recent press and proposed legislation about the need to eliminate VEETC, the ethanol blender’s credit, people should first compare the amount invested into biofuels compared to what our country is spending on oil subsidies. Oil companies receive more than 10 times that of ethanol, our countries only available alternative to gasoline. […]

“Laudable-Duck” Congress extends VEETC

- The United States House of Representatives passed the Tax Bill Thursday night sending it to the desk of President, Barack Obama who has signed the bill into law as of Friday afternoon. The Tax Bill extends a number of ethanol tax incentives for one year including the Volumetric Ethanol Excise Tax Credit (VEETC), a blender’s […]

VEETC part of Congress’ “Must Do” list during Lame Duck

- Following the election gives way to Congress’ “Lame Duck” Session in which the Senate and House take care of the remaining issues left on their plate. The most noted issue for the ethanol industry is of course is the need to renew VEETC, the volumetric ethanol excise tax credit which is set to expire at […]

UNICA’s anti-VEETC Campaign statements delusional

- UNICA, aka the Brazilian Sugarcane Industry Association has been ultra aggressive during the past year on American Soil. UNICA is the producer of sugarcane ethanol which has been very successful in its own country of Brazil, but VEETC and an ethanol tariff have mostly kept it out of the United States. UNICA sees the United […]

UNICA funds Iowa State Study on VEETC

- With plenty of discussion over VEETC (the ethanol blenders credit) in Washington DC and rest of the nation, Iowa State University released a study showing results that downplayed the negative effects of VEETC expiring. The study was funded by UNICA, otherwise known as Brazilian Sugarcane Ethanol who has been lobbying for the removal of America’s […]

Green Jobs Act 2010 Introduced Today

- The Green Jobs Act of 2010 which resembles House Resolution 4940 was introduced today by Chuck Grassley (R-IA) and Kent Conrad (D-ND) in the United States Senate. The act includes extending the volumetric ethanol excise tax credit (VEETC), ethanol tariff, small producer credit and cellulosic ethanol producer tax credit through 2015. “We are pleased to […]

The Importance of VEETC in South Dakota

- America has experienced a tough economy over the last year and a half or so with people losing jobs and new ones extremely hard to come by. One industry that has fought through the recession with the potential to expand is the ethanol industry. South Dakota’s ethanol industry has helped rural economies and communities thrive […]

Ethanol Tax Credit Extension Bill Introduced

- HR 4940, the “Renewable Fuels Reinvestment Act,” was introduced yesterday by Rep’s Earl Pomeroy (D-ND) and John Shimkus’ (R-IL) which would extend the Volumetric Ethanol Excise Tax, the Small Ethanol Producers Tax Credit and the Secondary Tariff on imported ethanol for an additional five years. The bill was co-sponsored by, Rep. Herseth-Sandlin (D-SD) among 28 […]