For example, Missouri has the Ethanol Producer Incentive Fund, "which provides ethanol producers $0.20 per gallon for the first 12.5 million gallons and $0.05 for the second 12.5 million gallons. An ethanol plant could get up to $3.125 million annually from that fund", the paper said.
Earlier, Illinois Gov. Rod Blagojevich announced a long-term, $1.2 billion alternative fuel plan, with $225 million going to alternative fuel plants. And yesterday, Michigan Gov. Jennifer Granholm announced a quarter-million dollar investment in converting pumps to biofuel pumps.
I got curious as to what other states were offering, and found these ethanol incentives:
- Maryland. Last year, ethanol producers were treated to a $0.20/gal credit for ethanol produced from small grains and $0.05/gal credit for ethanol produced from other agricultural products.
- Wyoming. There's a 40-cent-per-gallon ethanol production credit, even on E10.
- Maine. A nickel per gallon tax credit on all production of all biofuels.
[Source: SE Missourian, EERE]