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The world's top ethanol fuel producer in 2010 was the United States with 13.2 billion U.S. gallons (49.95 billion liters) representing 57.5% of global production, followed by Brazil with 6.92 billion U.S. gallons (26.19 billion liters), and together both countries accounted for 88% of the world production of 22.95 billion U.S. gallons (86.85 ...
Biden’s administration set a target to generate 3 billion gallons of sustainable aviation fuels by 2030. Air travel contributes around 2.5% of global greenhouse gas emissions, making it a big ...
Also included is an amendment to the ethanol blender tax credit for general ethanol, reducing the tax credit from $0.51 to $0.45 per gallon (Section 15331). [9] Finally, Title XV extends ethanol import tariff of $0.54 per gallons from its original expiration date of the end of 2008 to the end of 2010 (Section 15333). [9]
The 54-cents-a-gallon tariff, coupled with the 45-cents-a-gallon corn subsidy, effectively cut 99 cents from the price of every gallon of ethanol produced, making American corn ethanol far more ...
Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel. The US federal tax exemption that keeps ethanol economically competitive with petroleum fuel products is due to ...
He said the plants should get a minimum benefit of 20 cents per gallon of ethanol. But Blank would not offer an estimated price premium that could be passed on to farmers for the corn used to ...
Corn was the top crop for subsidy payments prior to 2011. The Energy Policy Act of 2005 mandated that billions of gallons of ethanol be blended into vehicle fuel each year, guaranteeing demand, but US corn ethanol subsidies were between $5.5 billion and $7.3 billion per year. Producers also benefited from a federal subsidy of 51 cents per ...
Accounting for ethanol's reduced energy content per gallon -- just 67% of a gallon of gasoline -- we can say that ethanol blending displaced 8.7 billion gallons of gasoline last year.