The Facts on Ethanol

> Overview

> Food and Fuel

> Higher Blends

> Performance

> Blender's Credit

> Ethanol Tariff

> Natural Carbon Cycle

> Indirect Land Use Change

> Water Use

> Renewable Fuel Standard

The Facts on Ethanol - Blender's Credit

Volumetric Ethanol Excise Tax Credit (VEETC) - Commonly referred to as the "blender's credit," expired on Jan. 1, 2012.

VEETC was created as part of the American Jobs Creation Act of 2004. VEETC provided oil companies with an economic incentive to blend ethanol with gasoline. The tax credit totaled 45 cents per gallon on pure ethanol, 4.5 cents per gallon for E10.

The blenders credit helped a fledgling ethanol industry grow, but POET believes that the ethanol industry today is equipped to compete without that tax credit.