What does VEET stand for?

The Volumetric Ethanol Excise Tax Credit (VEETC), a 45-cent per gallon federal tax credit, was established to support the domestic ethanol industry.

Possible political solutions include: * Policy to ensure the additional volumes under the cap are met with advanced and cellulosic biofuels rather than conventional biofuels that compete with food and feed; * A restoration of market based economics by eliminating the Volumetric Ethanol Excise Tax Credit and the import tariff to change the economic calculus and make it less likely that conventional biofuels will fill the new allowable volumes; and * Implementing limits on the amount of corn that can be blended into the fuel supply to provide real relief in the case of shortfalls in production.

All costs associated with corn ethanol production, including direct costs such as the Volumetric Ethanol Excise Tax Credit ("VEETC") and indirect costs like rising food costs and harm to the environment, are relevant in the calculus of efficiency and should guide the decision making process.

3 Volumetric Ethanol Excise Tax Credit (VEETC) 131 17.

Alternative Fuel Infrastructure Tax Credit Volumetric Ethanol Excise Tax Credit Small Ethanol Producer Tax Credit Small Biodiesel Producer Tax Credit Renewable Fuels Standard Commodity Credit Corporation Bioenergy Program Canadian Programs Canada Ethanol Expansion Program Canada Biodiesel Initiative Canadian Province Initiatives EU Programs EU Directive for the Promotion of Biofuels EU State Initiatives Other Programs BIOFUEL PRODUCER PROFILES Abengoa Bioenergy Acciona Energia Ag Processing Archer Daniels Midland ASAlliances Biofuels Aventine Renewable Energy Biodiesel Industries Biopetrol Industries Cargill Cosan Midwest Grain Processors New Energy Capital Pacific Biodiesel Pacific Ethanol U.

B20 is competitively priced with current market premium diesel and will meet distributor's increased demand for biodiesel since the Volumetric Ethanol Excise Tax Credit recently approved for use of biodiesel.