Ethanol and Biodiesel Production Incentive

TX Performance-Based Incentive industrial

Administered by: Texas Economic Development and Tourism Office

Program Details

Program ID: 981
Effective Date: 9/1/2003
Last Updated: 7/28/2003

Eligibility

Eligible Sectors

industrial

Program Summary

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.

Contact & Resources

Please verify current program details with the administering agency before making any financial decisions.