One agricultural economist is disputing the findings of another when it comes to the impact on the domestic ethanol industry of removing the existing blenders tax credit and the associated tariff on imported ethanol. In dueling commentaries posted Tuesday on “The Hill’s Congress Blog,” Iowa State University’s Center for Agricultural and Rural Development (CARD) director and professor of economist Dr. …
Ethanol Tariff Tiff
The Brazilian Sugarcane Industry Association UNICA this week drew attention to conflicting statements made in the past week by Growth Energy representatives about what they would like to see done with the tariff on foreign ethanol that is tied to the blenders tax credit under the Fueling Freedom plan introduced by the organization last week. In a post on the …
Study Finds “Modest” Impact to Ending Ethanol Tax Credit
A study conducted by Iowa State University’s Center for Agricultural and Rural Development (CARD) has determined that the impact of ending the ethanol blenders tax credit and corresponding tariff would be “modest.” The report, Costs and Benefits to Taxpayers, Consumers, and Producers from U.S. Ethanol Policies, finds that “allowing the blender credit and tariff to expire would neither have the …
Novozymes to Develop Cellulosic Ethanol in Brazil
Novozymes has signed an agreement with a world leader in the sugarcane ethanol market to work on cellulosic ethanol production in Brazil. The agreement between Dedini and Novozymes is based on developing the commercial potential of cellulosic ethanol in Brazil due to the large availability of bagasse. Brazil is the world’s largest producer of sugarcane, crushing more than 600 million …