US ethanol industry generated $43 billion in 2019, despite policy challenges
Published Tue 25 Feb 2020
A new study has found that policy challenges dampened the US ethanol industry’s economic contributions in 2019, with the biggest impacts from ongoing trade disputes and the US Environmental Protection Agency’s (EPA) granting of small refinery exemptions under the Renewable Fuel Standard.
However, in spite of these challenges, the ethanol industry supported almost 350,000 jobs and generated almost $43 billion (€39.6 billion) in gross domestic product last year, according to the analysis carried out by ABF Economics on behalf of the Renewable Fuels Association (RFA).