ITEC Refining & Marketing

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Our mission is to provide our customers with innovative solutions to their purchasing requirements for biofuels and industrial and beverage alcohols. We focus on building strong partnerships and customer relationships built on integrity and trust.

The farm bill, the Food, Conservation and Energy Act of 2008, H.R. 2419, includes a new income tax credit for the producers of cellulosic alcohol and other cellulosic biofuels. The credit is $1.01 per gallon. If the cellulosic biofuel is ethanol, this amount is reduced by the amount of credit available for alcohol fuels generally (now assumed to be $0.45 per gallon in 2009). The value of the credit, plus the existing small ethanol producer credit and VEETC, cannot exceed $1.01 per gallon. The credit will apply to fuel produced after 2008 and before 2013.

We at ITEC care about making the world a better place to live in today and for future generations. As a leading global ethanol and biofuels marketing and distribution company, we are focused on providing opportunities and innovative solutions to our customers.

Across the country, vehicle manufacturers currently offer FFVs that are capable of operating on 100% gasoline, E85 (85% ethanol, 15% gasoline) or any mixture of the two, such as mid-level ethanol fuel blends. To date, there are more than eight million FFVs operating on America’s roadways. With hopes to increase these numbers, some of the major automobile manufacturers in the U.S., including Ford, Chrysler and General Motors, have made a commitment to produce 50% of their current models with the flex-fuel option.

"Over the past 20 years, we've seen a whole new generation of vehicles coming into service. Auto manufacturers have made design changes to these vehicles, to make them ethanol-compatible and take advantage of ethanol's benefits," says Steve Mikesell, an ASE Master-certified mechanic from Chariton, Iowa, who has several years experience with Chevrolet and who taught auto mechanics at Lincoln Technical Institute for nearly 20 years.

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