Ethanol and Biodiesel Production Incentive (Texas)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Ethanol and Biodiesel Production Incentive|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Industrial, Rural Electric Cooperative|
|Eligible Technologies||Ethanol, Biodiesel|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Net grant of 16.8 cpg
|Start Date|| 2003-09-01
|Terms||Grants for first 18 mgy produced in first 10 years|
|Program Administrator|| Texas Economic Development and Tourism Office
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.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||SB 275 (2003)|
|Date Enacted|| 2003-06-20
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.