Minnesota’s ethanol industry contributed $2.31 billion to state’s GDP in 2018
February 20, 2019
| Meghan Sapp
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.
Category: Fuels