RFA Report Finds Despite Challenges, Ethanol Industry
Creates Over 380,000 Jobs and $43 Billion in GDP in
2012
Date Posted: February 6, 2013
Las Vegas—In a challenging year for America’s farm
economy, domestic ethanol production reached an
estimated 13.3 billion gallons — the second highest
annual production level in history amidst the nation’s
worst drought in 50 years.
According to analysis conducted by Cardno-ENTRIX
and commissioned by the Renewable Fuels Association
(RFA), the production of the estimated 13.3 billion
gallons of ethanol directly employed 87,292
Americans.
An additional 295,969 Americans found work in
positions indirectly affiliated with or induced by
ethanol production.
These 383,260 total jobs helped create $30.2 billion in
household income and contributed $43.4 billion to the
national Gross Domestic Product (GDP).
Last year’s second highest annual ethanol production
also helped displace 465 million barrels of imported
oil worth $47.2 billion.
“This past year, our nation’s ethanol industry has
demonstrated its efficiency and resilience during one
of the worst droughts in half a century.
"Despite the weather and declining gasoline
consumption, our domestic, homegrown industry kept
up production, continued to improve the environment,
and helped reduce our dependence on foreign oil,”
said RFA President and CEO Bob Dinneen.
The report, entitled “CONTRIBUTION OF THE ETHANOL
INDUSTRY TO THE ECONOMY OF THE UNITED STATES,”
was completed by CARDNO Entrix and can be
downloaded here.
Key finding of the report include:
• 87,292 direct jobs
• 295,969 indirect and induced jobs
• $43.4 billion contribution to GDP
• $30.2 billion in household income
• 465 million barrels of imported oil displaced, valued
at $47.2 billion in 2012.
• $7.9 billion paid in federal, state and local taxes
helping support local roads, schools, first responders."
http://www.biofuelsjournal.com/info/bf_articles.html?
ID=130174
Creates Over 380,000 Jobs and $43 Billion in GDP in
2012
Date Posted: February 6, 2013
Las Vegas—In a challenging year for America’s farm
economy, domestic ethanol production reached an
estimated 13.3 billion gallons — the second highest
annual production level in history amidst the nation’s
worst drought in 50 years.
According to analysis conducted by Cardno-ENTRIX
and commissioned by the Renewable Fuels Association
(RFA), the production of the estimated 13.3 billion
gallons of ethanol directly employed 87,292
Americans.
An additional 295,969 Americans found work in
positions indirectly affiliated with or induced by
ethanol production.
These 383,260 total jobs helped create $30.2 billion in
household income and contributed $43.4 billion to the
national Gross Domestic Product (GDP).
Last year’s second highest annual ethanol production
also helped displace 465 million barrels of imported
oil worth $47.2 billion.
“This past year, our nation’s ethanol industry has
demonstrated its efficiency and resilience during one
of the worst droughts in half a century.
"Despite the weather and declining gasoline
consumption, our domestic, homegrown industry kept
up production, continued to improve the environment,
and helped reduce our dependence on foreign oil,”
said RFA President and CEO Bob Dinneen.
The report, entitled “CONTRIBUTION OF THE ETHANOL
INDUSTRY TO THE ECONOMY OF THE UNITED STATES,”
was completed by CARDNO Entrix and can be
downloaded here.
Key finding of the report include:
• 87,292 direct jobs
• 295,969 indirect and induced jobs
• $43.4 billion contribution to GDP
• $30.2 billion in household income
• 465 million barrels of imported oil displaced, valued
at $47.2 billion in 2012.
• $7.9 billion paid in federal, state and local taxes
helping support local roads, schools, first responders."
http://www.biofuelsjournal.com/info/bf_articles.html?
ID=130174
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