Minnesota’s ethanol industry contributed $2.31 billion to state’s GDP in 2018

February 20, 2019 |

In Minnesota, the state’s ethanol industry contributed $2.31 billion to the state’s gross domestic product (GDP) in 2018, according to a new study by ABF Economics.

In 2018, the study said, Minnesota’s ethanol producers produced 1.27 billion gallons of ethanol, 3.8 million tons of dried distiller’s grains with solubles (a high-protein animal feed) and 283 million pounds of corn oil (which is used for biodiesel production).

This in turn, the study said, generated $6.9 billion in gross sales for Minnesota businesses and supported 20,137 jobs in 2018. Furthermore, according to ABF Economics, Minnesota’s ethanol industry contributed $1.74 billion in household income and paid $204 million in state and local taxes last year.

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.