Three calculational models, statistical associating fluid theory (SAFT), modified SAFT, and Boublík-Alder-Chen-Kreglewshi (BACK) are compared for supercritical CO2-C2H5OH using a set of van der Waals type mixing rules for both the BACK equation of state (EOS) and the SAFT EOS. Equations are presented for the residual Helmholtz free energy, residual chemical potentials, and compressibilty factor for mixtures. A comparison with experimental vapor-liquid equilibrium (VLE) data reveals that the BACK EOS together with the suggested mixing rules provides more accurate prediction of the binary system than the SAFT or the modified SAFT model with no adjustable binary parameters. The correlation results are improved with an adjustable parameter.