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Tag: GDP

RFA report shows ethanol contributed $54.2B towards national GDP

RFA report shows ethanol contributed $54.2B towards national GDP

February 19, 2024 |

In Washington, as inflationary pressures eased and demand boomed for low-carbon ethanol and its co-products, the ethanol industry’s contribution to the U.S. economy remained strong in 2023, according to an annual economic impact analysis conducted for the Renewable Fuels Association by ABF Economics. In 2023, more than 72,400 U.S. jobs were directly associated with the ethanol […]

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Ethanol contributed $2.5B to Minnesota’s GDP in 2023

Ethanol contributed $2.5B to Minnesota’s GDP in 2023

February 15, 2024 |

In Minnesota, a new study by the University of Minnesota Extension shows the ethanol industry contributed $2.5 billion to Minnesota’s gross domestic product (GDP) in 2023. It said the industry produced 1.35 billion gallons of ethanol in 2023, which in turn resulted in $6.6 billion of economic activity and supported 20,914 jobs. The industry also […]

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