New RFA study shows ethanol industry added nearly $44.4 billion to GDP

In Texas, the U.S. ethanol industry added nearly $44.4 billion to the nation’s gross domestic product and supported 358,779 jobs in 2017, according to a new study conducted by ABF Economics. The study, released today by the Renewable Fuels Association at the 23rd annual National Ethanol Conference, looked at the contribution of the ethanol industry to the economy of the nation and individual states in 2017.

‘The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of crude oil and petroleum products,’ the study noted. ‘The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs and will enable America to make further strides toward energy independence,’ the study added.