A new study commissioned by the Renewable Fuels Association shows the nationwide impact of the ethanol industry to the economy. The study shows that the 13.3 billion gallons of ethanol produced in 2013 created over 86,000 jobs and contributed $ 44 billion to America’s Gross Domestic Product. American Coalition for Ethanol Senior Vice President Ron Lamberty says those results prove the importance of renewables and that’s borne out by how well the Midwest economy has done compared to the rest of the country.
Lamberty says the facts from this study show the importance of the renewable fuel standard and how it has benefitted the economy and displaced imported oil.
The RFA commissioned study shows the 13.3 billion gallons of ethanol last year displaced 476 million barrels of imported oil which saved Americans 48. 2 billion dollars in oil imports.