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

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 generated $1.3 billion in income for Minnesota residents and paid $182.9 million in state and local taxes last year.

In 2023, the industry also produced 3.99 million tons of dried distillers grains with solubles (DDGS) – a high-protein animal feed – and 426 million pounds of corn oil, which is used to produce biodiesel and renewable diesel. The study said the 3.99 million tons of DDGS produced by Minnesota’s ethanol industry was sufficient to supply nearly 2 million cows, 2.4 million pigs and 59.8 million turkeys. Minnesota farms have 2.2 million cattle, 9.1 million pigs and 39 million head of turkeys. As for corn oil, the 426 million pounds produced in 2023 was sufficient to produce 55.3 million gallons of biodiesel – nearly two thirds of Minnesota’s 85.5 million gallon biodiesel production capacity.