Biofuels Retail Tax Incentive: Support Indiana Agriculture
- Ethanol sales alone accounted for nearly $3 billion annually. The farm gate value of corn
purchased is nearly $2 billion. - Indiana ethanol producers create co-products like 3.2 million tons of high-protein animal
feed, 180 million pounds of industrial corn oil, beverage grade CO2, purified alcohol, hand
sanitizer and other cleaning agents. - $1.85B of economic activity in Indiana is supported by biodiesel production.
- Indiana ranks No. 6 in soybean production with nearly 300 million pounds of Indiana’s
soybean oil going to biodiesel production annually.