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U.S. joins Interamerican Ethanol Commission but discourages imports

U.S. Congress has voted to protect the domestic ethanol industry and extend the secondary tariff of 54 cents per gallon on imported ethanol. The American Coalition for Ethanol (ACE) praised the move saying that secondary tariff, which is now in place until January 1, 2009, will ensure continued growth and investment in the domestic ethanol industry. Ethanol currently attracts a 51 cent per gallon blender's credit no matter the country of origin. Brazil is the world's largest ethanol exporter, so you'd think they would be upset by this ... Read more →

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