Ethanol helping to fuel the American economy

In addition to this, 311,400 Americans found work in industries indirectly affiliated with ethanol production.

These 401,600 jobs helped create nearly $30 billion in household income and, as a result of record ethanol production, contributed $42.4 billion to the national Gross Domestic Product.

The record ethanol production also helped displace a record 485 million barrels of imported oil worth $49.7 billion.

“Our nation’s ethanol industry is a perfect example of a domestic, home-grown industry that is harnessing American innovation to create jobs, improve the environment, and help secure our energy future for generations to come,” said RFA President and CEO Bob Dinneen. 

Last week, the RFA reiterated the potential of ethanol to help fuel the US economy. “President Obama has made fuel efficiency and alternative vehicles staples of his energy policy by establishing increasingly stringent Corporate Average Fuel Economy (CAFE) standards and investing in alternative vehicle and fuel infrastructure. Efficiency and alternative fuel vehicles are key elements in extending fuel supplies and making better use of the resources America has at its disposal,” it said in a press statement.

Read the article at RenewableEnergyMagazine.com.