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In the News

Ethanol Producer Magazine

Feb 27, 2015

By Susanne Retka Schill

Secretary of Agriculture Tom Vilsack asked for the ethanol industry's support for the Trans-Pacific Partnership in his keynote address at the 2015 Growth Energy Executive Leadership Conference held in Phoenix Feb. 26-27.

The opponents to the TPP are well organized, he explained, while those who understand the benefits have not been vocal. "I spoke to a Congressman that said he had 1,200 comments opposed to TPP and just two in favor," he said. There is a great opportunity to expand exports to Asia, which is expected to see the middle class grow to number 3.2 billion in the next 15 years. "There won't be that opportunity if we don't get the TPP agreement done," he said, "and it will create a huge void. Who's going to fill that void?" he asked. "China. Who would you rather write the rules of trade, China or the U.S.?"

Chief Agricultural Negotiator Darci Vetter, who spoke at the conference before Vilsack, said many parts of the TPP have been negotiated, which leaves the most difficult issues left to decide. The TPP goes beyond expand export opportunities through the elimination of trade barriers and tariffs, to include intellectual property protection and transparency on rulemaking. She said that under the TPP, ethanol tariffs into Japan and Vietnam will be eliminated.

Vetter added that a successful conclusion of the Trans-Pacific Partnership will pave the way for negotiations with the European Union and others in the Transatlantic Trade and Investment Partnership, which are at an earlier stage. "We're pursuing the elimination of all tariffs, including those on ethanol," she said.

In addition the discussion on supporting trade negotiations, Vilsack addressed other measures being taken by the USDA. At last year's conference, he noted, he announced the USDA would be dedicating Market Access Program funds to ethanol export development. "We saw a 35 percent increase in exports last year, and for the first time, we had a biofuel trade effort in China."

The agency is working with the White House to find other avenues and funding to support blending infrastructure, he said, even though Congress has blocked USDA from using REAP funds. In addition, the USDA Economic Research Service is going to do a comprehensive review of recent research and publish a report on the progress being made in the renewable fuels industry. "It's long overdue," he said. The productivity gains in agriculture are not understood, he added, pointing out that in last few decades, "we've had a 200 percent increase in production in farm fields and a 2 percent reduction in acres. U.S. agriculture represents 9 percent of our greenhouse gas emissions," he continued, "while internationally that's 14 percent. If we include forestry, we're net zero."

Read the original story here: Vilsack calls for ethanol industry support of trade negotiations

Ethanol Producer Magazine

Feb 26, 2015

By Syngenta

Corn feedstock is the single biggest input cost for an ethanol plant, and ethanol yield per bushel is one of the most important drivers of plant profitability. Because higher quality corn means higher ethanol yields, Syngenta is working with ethanol plants to help growers improve grain quality and earn a premium for doing so.

According to Chris Tingle, head of Enogen and Water Solutions for Syngenta, ethanol plants are increasingly seeking not just clean, dry corn with little or no damage or foreign material, but also grain with quality characteristics that can help maximize ethanol production.

“A growing demand for high-quality feedstock is creating opportunities for growers to increase their income per acre,” Tingle said. “By supplying the quality grain that ethanol plants want all year long, growers can maximize profitability, while helping to support the ethanol industry.”

Syngenta designed the Ethanol Grain Quality Solution specifically for growers who plant Enogen, Golden Harvest and NK Corn hybrids. Its goals are to raise yields and drive grain quality through effective insect control, early-season weed management, glyphosate weed-resistance management, and crop enhancement (the Syngenta global business focused on minimizing the effects of nonliving factors, such as heat, wind and rain, on plants). The Ethanol Grain Quality Solution provides the ethanol plant and its growers more high-quality grain, while improving return on investment.

“Growers with an Enogen contract can receive an additional 10 cents per bushel premium above the current Enogen contract premium by following agronomic protocols outlined in the Ethanol Grain Quality Solution,” Tingle said. “Plus, growers who have purchased Golden Harvest or NK Corn can receive 10 cents more per bushel for any additional bushels of corn produced under the Ethanol Grain Quality Solution protocol, provided those bushels are delivered to the ethanol plant.”

According to Adam Todd, grain purchasing manager for Quad County Corn Processors in Galva, Iowa, the Ethanol Grain Quality Solution allows QCCP to buy more corn directly from farmers and provides access to higher quality grain.

“Corn purchased direct from the farm generally has a higher starch and oil content,” Todd said. “It has less foreign matter. Those factors help us increase our crush margins. Higher quality grain is going to have more starch available, and that’s what we’re after, as well as less mold and less bacteria. That starch is going to be more readily available and will help us increase our ethanol yield.”

Todd added that rewarding farmers for investing in higher quality grain can help position them for higher yields, too.

“Farmers tell us the premium available through the Ethanol Grain Quality Solution minimally enables them to pay for a top-notch herbicide and fungicide program, which helps them to not only enhance grain quality, but also, generally speaking, achieve higher yields as well,” Todd said. “For example, one of our growers saw a 19-bushel-per-acre advantage in a side-by-side comparison that was part of the program. Taking steps to manage grain quality can help corn growers improve their return on investment in more ways than one.”

Read the original story here: Ethanol plants, growers partner with Syngenta

Domestic Fuel

Feb 26, 2015

By Cindy Zimmerman

The National Ethanol Conference featured a panel addressing the road ahead for higher blends.

Renewable Fuels Association (RFA) vice president for industry relations Robert White moderated the panel, which included Kristi Moriarty, National Renewable Energy Laboratory; John Eichberger, National Association of Convenience Stores; and Brian West with Oak Ridge National Laboratory.

“In the past, there was a lot of interest in the number of stations that offered E85 versus the volume. The number we’re looking for today is much different. It’s how many gallons are sold,” said White, pointing out that while some stations in lower populations might be going away, there are more stations going up in higher populations area, where more flex-fuel vehicles are available, pushing up the overall amount of higher blends sold.

Moriarty said their long-term studies on E10 show how the green fuel has not damaged equipment and should serve as an example of how E15 would also be fine. She also encouraged those in attendance to have some empathy for retailers, some who still have to meet the oil companies’ gasoline sales requirements, which ethanol can cut into. Eichberger, who comes from that retail perspective, said his group found the number of E85 pumps in the U.S. has increased 14 percent annually every year since 2007. And he said with fewer flex-fuel friendly stations available per each flex-fuel vehicle (FFV) as compared to those for regular fueled vehicles, more E85 pumps are certainly in the picture.

“There’s a lot of room for growth,” pointing out that while there is a 32-billion-gallon potential market for E85 (if all FFVs fueled at 100 percent), a more realistic goal is getting all the E85 stations by 2025 to sell at what the top 10 percent is selling now, making for a 4.5-billion-gallon E85 market.

West pointed out how good of an octane booster ethanol is and added that it is easier to get in a mid-level blend pump, such as E25, than it is to put in the infrastructure for a hydrogen-based pump.

White sent attendees off with a little job to do: talk to retailers about the benefits of selling ethanol, especially the higher blends.

“Talk to one retailer and ask them [to sell a higher blend],” said White. “Everyone in this industry needs to help the growth of this industry.”

Read the original story here: #NEC15 Travels Road Ahead for Higher Blends

Renewable Fuels Association

Feb 25, 2015

WASHINGTON — The Renewable Fuels Association (RFA) announced today that it has acquired E85prices.com, which is a crowdsourced website that offers updated prices for E85 and other ethanol flex-fuels — including E15 — from thousands of stations across the country. In addition to E85prices.com, RFA acquired 11 new websites and a new mobile app to strengthen its online presence and its ability to provide up-to-the-minute information on the availability and pricing of E85 and other ethanol flex-fuels.

E85prices.com and E85vehicles.com are the most visited of the 12 new sites now owned by RFA, with E85prices.com receiving approximately 4 million hits last year. E85prices.com has been a go-to source for consumers seeking E85 pricing information to help make informed fuel purchase decisions. The website also maintains a station locator, a database of all existing E85 stations and blender pump locations, and an online forum. Meanwhile, E85vehicles.com helps consumers locate or identify a flex-fuel vehicle (FFV).

Robert White, vice president of industry relations at the RFA, touted the sites, noting, “As the Renewable Fuel Standard (RFS) continues to be discussed in Congress, and the 2014–2016 RFS requirements remain under consideration at Environmental Protection Agency, we believe it is more important than ever to provide concrete information to decision-makers about E85, E15, and other flex-fuels. At the same time, consumers are looking for more information on renewable fuels, and these websites have provided that service to millions of unique visitors each year. The RFA intends to further strengthen the usefulness and reliability of these websites and ensure the appropriate resources are dedicated to advance all of them into the future.”

In July of 2014, RFA cited E85prices.com when it called on the Department of Energy (DOE) to update their Alternative Fuels Data Center (AFDC) database, which was missing nearly 1,000 stations. RFA will continue its efforts to ensure all station databases reflect the real world, and will work with DOE to fix the current discrepancies in their database.

The information on E85prices.com is crowdsourced, but RFA will confirm all station locations and ensure they are offering higher-level fuel blends.

Read the original story here : RFA Acquires E85prices.com

WASHINGTON — The Renewable Fuels Association (RFA) announced today that it has acquired E85prices.com, which is a crowdsourced website that offers updated prices for E85 and other ethanol flex-fuels — including E15 — from thousands of stations across the country. In addition to E85prices.com, RFA acquired 11 new websites and a new mobile app to strengthen its online presence and its ability to provide up-to-the-minute information on the availability and pricing of E85 and other ethanol flex-fuels.

E85prices.com and E85vehicles.com are the most visited of the 12 new sites now owned by RFA, with E85prices.com receiving approximately 4 million hits last year. E85prices.com has been a go-to source for consumers seeking E85 pricing information to help make informed fuel purchase decisions. The website also maintains a station locator, a database of all existing E85 stations and blender pump locations, and an online forum. Meanwhile, E85vehicles.com helps consumers locate or identify a flex-fuel vehicle (FFV).

Robert White, vice president of industry relations at the RFA, touted the sites, noting, “As the Renewable Fuel Standard (RFS) continues to be discussed in Congress, and the 2014–2016 RFS requirements remain under consideration at Environmental Protection Agency, we believe it is more important than ever to provide concrete information to decision-makers about E85, E15, and other flex-fuels. At the same time, consumers are looking for more information on renewable fuels, and these websites have provided that service to millions of unique visitors each year. The RFA intends to further strengthen the usefulness and reliability of these websites and ensure the appropriate resources are dedicated to advance all of them into the future.”

In July of 2014, RFA cited E85prices.com when it called on the Department of Energy (DOE) to update their Alternative Fuels Data Center (AFDC) database, which was missing nearly 1,000 stations. RFA will continue its efforts to ensure all station databases reflect the real world, and will work with DOE to fix the current discrepancies in their database.

The information on E85prices.com is crowdsourced, but RFA will confirm all station locations and ensure they are offering higher-level fuel blends.

- See more at: http://www.ethanolrfa.org/news/entry/rfa-acquires-e85prices.com/#sthash.atfNh9fv.dpuf

Ethanol Producer Magazine

Feb 24, 2015

By Growth Energy

Fuel with 15 percent ethanol, known as E15, has made its way into south Florida recently. E15 has been approved for sale by the U.S. EPA since January 2011 and has been offered to consumers since July of 2012. Now it’s making its way to gas pumps across the country. The ethanol expansion is grabbing the attention of consumers and making headlines in the convenience and fuel retail industry.

Five years ago, NASCAR made the change to an ethanol fuel blend and has run on Sunoco Green E15 since the 2011 Daytona 500. NASCAR Chairman and CEO Brian France stated, "time and time again, our sport has demonstrated that it is a great validator of technology, particularly in the green and transportation sectors.” France added, “There's no better example of that than our seamless transition to Sunoco Green E15.”

NASCAR made the fuel change in conjunction with its NASCAR Green Platform, the largest and most comprehensive recycling, tree planting and renewable energy program in sports. Not only has the move to Sunoco Green E15 proven to be an environmentally beneficial decision, it’s actually boosted the performance of the race cars in all three of NASCAR’s national series — lowering emissions and increasing horsepower.

Growth Energy’s CEO Tom Buis explained how NASCAR’s massive loyal following, third party validation and green initiative were very attractive for a partnership. "Ethanol-blended fuel is greener, cleaner and homegrown. It reduces our dependence on foreign oil, creates jobs right here at home and helps improve our environment. We want consumers to know that E15 is a safe, high performance and reliable option for them that is less expensive and supports hometown jobs when they fill up at the pump,” Buis said.

Read the original story here:E15 is new to most fuel stations, but not to NASCAR

Domestic Fuel

Feb 23, 2015

By John Davis

The latest numbers from the federal government shows biodiesel was the leader in growth among biofuels in the United States. The National Renewable Energy Laboratory’s (NREL) 2013 Renewable Energy Data Book showed good gains for many of the renewable energy industries, while energy consumption from petroleum actually slumped, despite an overall increase in the amount of energy consumed.

United States overall energy consumption grew to 97.3 quadrillion Btu in 2013, a 2.4% increase from 2012. Energy consumption from coal and renewables grew slightly, while consumption from petroleum and natural gas fell slightly.

Biodiesel was the fastest growing biofuel type, with production increasing by 64% in the United States and 17% globally, from a relatively small base.

Renewable electricity [including hydropower and biopower] grew to nearly 15% of total installed capacity and 13% of total electricity generation in the United States in 2013. Installed renewable electricity capacity exceeded 171 gigawatts (GW) in 2013, generating 534 TWh.

[S]olar electricity was the fastest growing electricity generation technology, with cumulative installed capacity increasing by nearly 66% from the previous year.

[W]ind electricity generation increased 20% in 2013, while wind electricity capacity grew 1.8%.

The report also found that in 2013, renewable electricity accounted for more than 61 percent of all new electricity capacity installations in the United States. By comparison, renewable electricity captured 4 percent of new capacity additions in 2004 and 57 percent in 2008.

Globally, solar photovoltaics (PV) and concentrated solar power (CSP) are among the fastest growing renewable electricity technologies— between 2000 and 2013, solar electricity generation worldwide increased by a factor of nearly 68.

Read the original story here: NREL: Biodiesel Leads Biofuels Growth in US

Ethanol Producer Magazine

Feb 20, 2015

By The Energy Future Coalition, Urban Air Initiative

The California Air Resources Board was urged to enhance its efforts to require low carbon fuels by supporting the increased use of clean burning ethanol as a means of displacing aromatics in gasoline to reduce carbon and protect public health.

Comments submitted to the agency by The Energy Future Coalition and the Urban Air Initiative urged CARB to look at best available science which reflects significant improvements in the total life cycle of ethanol. The groups pointed out that according to the U.S. Energy Information Administration, conventional automobiles operating on petroleum products will continue to be the dominant fuel for decades. The California goal of reducing the carbon intensity of transportation fuels in the state will need to focus on the liquid fuels that EIA predicts will be 95 percent of the market.

“Simply replacing gasoline, which is increasingly carbon intensive, with ethanol provides substantial carbon reductions. Using that ethanol to replace toxic compounds used for octane provides a dual benefit of protecting public health,” said David VanderGriend, president of UAI. “Our research has shown that there is a clear linkage to gasoline and a range of negative health effects. So reducing carbon isn’t just a matter of greenhouse gas and potential climate change but also saving lives by reducing toxic emissions.”

The comments cited numerous supporting documents and reports, including research by Argonne National Laboratory which has devoted 20 years of research and analysis to the life-cycle greenhouse gas impacts of transportation fuels. As a 2012 Argonne paper summarized, “advances in technology and the resulting improved productivity in corn and sugarcane farming and ethanol conversion … have increased the energy and greenhouse gas (GHG) benefits of using bioethanol.”

As positive as that is, said VanderGriend, the numbers should be even better. The Argonne studies give no credit for corn’s ability to fix carbon in soil permanently. But new research is showing that modern, high-yield continuous corn grown using conservation or no-till practices is in fact sequestering and rebuilding the carbon content of soil in the Midwest. Argonne is beginning a new look at soil carbon fixation, as well as NOx emissions related to fertilizer use, with regard to its GHG estimates for corn ethanol. The net result is a range in carbon reduction from corn ethanol of 30-44 percent and cellulosic ethanol of as much as 100 percent.

The comments argue that current EPA and CARB life-cycle analysis models both underestimate corn’s superior ability as a highly efficient C4 plant in sequestering carbon, and should be updated accordingly.

The groups also provided background on the trends in the auto industry that clearly indicate a new generation of small bore, high compression engines will be needed to meet ever increasing mileage standards. Automakers have stated they will need higher octane fuels for those vehicles. Mid-level ethanol blends such as E30 could meet octane needs while reducing toxic aromatics and a number of dangerous criteria pollutants.

“We will continue to make the case that high compression engines powered by high octane mid-level ethanol blends will not take decades to come to market and will be cost competitive and save consumers money,” said VanderGriend. “It will provide a healthier fuel and would have a lower carbon footprint than even electric vehicles and fuel cells when proper lifecycle analyses are applied.”

Read the original story here: UAI, EFC urge recognition of ethanol as a way to reduce carbon

Renewable Fuels Association

Feb 19, 2015

GRAPEVINE, Texas — At this year's National Ethanol Conference, the Renewable Fuels Association (RFA) released a new ABF Economics study titled "Contribution of the Ethanol Industry to the Economy of the United States in 2014," which quantified the economic, national security, and job creating benefits of domestic ethanol production in 2014.

The study revealed that last year the ethanol industry was responsible for 83,949 direct jobs and 295,265 indirect and induced jobs. In addition to good-paying, non-exportable jobs, the ethanol industry added $52.7 billion to the national GDP, $26.7 billion to household incomes, and $10.3 billion in taxes, which help stimulate the national, state, and local economies. The study also revealed that the 14.3 billion gallons of ethanol produced in 2014 displaced an immense 515 million barrels of foreign oil, which carries a monetary value of almost $49 billion.

Bob Dinneen, president and CEO of the RFA, touted the study's findings, stating, "Numbers are powerful. These numbers reflect the vast reach of the U.S. ethanol industry across many sectors of our society. Each of the nearly 380,000 jobs represents a solid, stable income for a parent who can continue to provide for their family, buy groceries, and pay the rent on time. Each of the $10.3 billion spent in local, state, and federal taxes mean improved public services, safe, drivable roads, more teachers for local school systems or greater access to the latest technology and information for students. And, each of the 515 million barrels of oil we no longer have to import, mean less dependence on often volatile countries and a more stable energy future for all Americans."

Dinneen continued, "It is my hope that Americans and policymakers alike will look at these numbers and fully understand the integral role of biofuels in our society."

John Urbanchuk, author of the study and managing partner of ABF Economics, concluded his analysis by noting, "The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry's position as the original creator of green jobs, and will enable America to make further strides toward energy independence."

A brief summary of the study's findings:

  • $52.7 billion to America's gross domestic product
  • 83,949 direct jobs and 295,265 indirect and induced jobs
  • $26.7 billion to household incomes
  • $10.3 billion in federal, state and local taxes
  • Displaced 515 million barrels of oil, the equivalent of $49 billion

Read the original story here: New Study Reveals Wide-Ranging Economic Impact of Ethanol Production

GRAPEVINE, Texas — At this year’s National Ethanol Conference, the Renewable Fuels Association (RFA) released a new ABF Economics study titled “Contribution of the Ethanol Industry to the Economy of the United States in 2014,” which quantified the economic, national security, and job creating benefits of domestic ethanol production in 2014.

The study revealed that last year the ethanol industry was responsible for 83,949 direct jobs and 295,265 indirect and induced jobs. In addition to good-paying, non-exportable jobs, the ethanol industry added $52.7 billion to the national GDP, $26.7 billion to household incomes, and $10.3 billion in taxes, which help stimulate the national, state, and local economies. The study also revealed that the 14.3 billion gallons of ethanol produced in 2014 displaced an immense 515 million barrels of foreign oil, which carries a monetary value of almost $49 billion.

Bob Dinneen, president and CEO of the RFA, touted the study’s findings, stating, “Numbers are powerful. These numbers reflect the vast reach of the U.S. ethanol industry across many sectors of our society. Each of the nearly 380,000 jobs represents a solid, stable income for a parent who can continue to provide for their family, buy groceries, and pay the rent on time. Each of the $10.3 billion spent in local, state, and federal taxes mean improved public services, safe, drivable roads, more teachers for local school systems or greater access to the latest technology and information for students. And, each of the 515 million barrels of oil we no longer have to import, mean less dependence on often volatile countries and a more stable energy future for all Americans.”

Dinneen continued, “It is my hope that Americans and policymakers alike will look at these numbers and fully understand the integral role of biofuels in our society.”

John Urbanchuk, author of the study and managing partner of ABF Economics, concluded his analysis by noting, “The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs, and will enable America to make further strides toward energy independence.”

A brief summary of the study’s findings:

  • $52.7 billion to America’s gross domestic product
  • 83,949 direct jobs and 295,265 indirect and induced jobs
  • $26.7 billion to household incomes
  • $10.3 billion in federal, state and local taxes
  • Displaced 515 million barrels of oil, the equivalent of $49 billion

The full study, prepared on behalf of the Renewable Fuels Association, can be found here.

http://w.sharethis.com/images/twitter_32.png");" class="stLarge">http://w.sharethis.com/images/facebook_32.png");" class="stLarge">http://w.sharethis.com/images/email_32.png");" class="stLarge">http://w.sharethis.com/images/sharethis_32.png");" class="stLarge">
- See more at: http://www.ethanolrfa.org/news/entry/rfa-releases-2015-economic-impact-report/#sthash.Pzqq27QH.dpuf

GRAPEVINE, Texas — At this year’s National Ethanol Conference, the Renewable Fuels Association (RFA) released a new ABF Economics study titled “Contribution of the Ethanol Industry to the Economy of the United States in 2014,” which quantified the economic, national security, and job creating benefits of domestic ethanol production in 2014.

The study revealed that last year the ethanol industry was responsible for 83,949 direct jobs and 295,265 indirect and induced jobs. In addition to good-paying, non-exportable jobs, the ethanol industry added $52.7 billion to the national GDP, $26.7 billion to household incomes, and $10.3 billion in taxes, which help stimulate the national, state, and local economies. The study also revealed that the 14.3 billion gallons of ethanol produced in 2014 displaced an immense 515 million barrels of foreign oil, which carries a monetary value of almost $49 billion.

Bob Dinneen, president and CEO of the RFA, touted the study’s findings, stating, “Numbers are powerful. These numbers reflect the vast reach of the U.S. ethanol industry across many sectors of our society. Each of the nearly 380,000 jobs represents a solid, stable income for a parent who can continue to provide for their family, buy groceries, and pay the rent on time. Each of the $10.3 billion spent in local, state, and federal taxes mean improved public services, safe, drivable roads, more teachers for local school systems or greater access to the latest technology and information for students. And, each of the 515 million barrels of oil we no longer have to import, mean less dependence on often volatile countries and a more stable energy future for all Americans.”

Dinneen continued, “It is my hope that Americans and policymakers alike will look at these numbers and fully understand the integral role of biofuels in our society.”

John Urbanchuk, author of the study and managing partner of ABF Economics, concluded his analysis by noting, “The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs, and will enable America to make further strides toward energy independence.”

A brief summary of the study’s findings:

  • $52.7 billion to America’s gross domestic product
  • 83,949 direct jobs and 295,265 indirect and induced jobs
  • $26.7 billion to household incomes
  • $10.3 billion in federal, state and local taxes
  • Displaced 515 million barrels of oil, the equivalent of $49 billion

The full study, prepared on behalf of the Renewable Fuels Association, can be found here.

http://w.sharethis.com/images/twitter_32.png");" class="stLarge">http://w.sharethis.com/images/facebook_32.png");" class="stLarge">http://w.sharethis.com/images/email_32.png");" class="stLarge">http://w.sharethis.com/images/sharethis_32.png");" class="stLarge">
- See more at: http://www.ethanolrfa.org/news/entry/rfa-releases-2015-economic-impact-report/#sthash.Pzqq27QH.dpuf

GRAPEVINE, Texas — At this year’s National Ethanol Conference, the Renewable Fuels Association (RFA) released a new ABF Economics study titled “Contribution of the Ethanol Industry to the Economy of the United States in 2014,” which quantified the economic, national security, and job creating benefits of domestic ethanol production in 2014.

The study revealed that last year the ethanol industry was responsible for 83,949 direct jobs and 295,265 indirect and induced jobs. In addition to good-paying, non-exportable jobs, the ethanol industry added $52.7 billion to the national GDP, $26.7 billion to household incomes, and $10.3 billion in taxes, which help stimulate the national, state, and local economies. The study also revealed that the 14.3 billion gallons of ethanol produced in 2014 displaced an immense 515 million barrels of foreign oil, which carries a monetary value of almost $49 billion.

Bob Dinneen, president and CEO of the RFA, touted the study’s findings, stating, “Numbers are powerful. These numbers reflect the vast reach of the U.S. ethanol industry across many sectors of our society. Each of the nearly 380,000 jobs represents a solid, stable income for a parent who can continue to provide for their family, buy groceries, and pay the rent on time. Each of the $10.3 billion spent in local, state, and federal taxes mean improved public services, safe, drivable roads, more teachers for local school systems or greater access to the latest technology and information for students. And, each of the 515 million barrels of oil we no longer have to import, mean less dependence on often volatile countries and a more stable energy future for all Americans.”

Dinneen continued, “It is my hope that Americans and policymakers alike will look at these numbers and fully understand the integral role of biofuels in our society.”

John Urbanchuk, author of the study and managing partner of ABF Economics, concluded his analysis by noting, “The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs, and will enable America to make further strides toward energy independence.”

A brief summary of the study’s findings:

  • $52.7 billion to America’s gross domestic product
  • 83,949 direct jobs and 295,265 indirect and induced jobs
  • $26.7 billion to household incomes
  • $10.3 billion in federal, state and local taxes
  • Displaced 515 million barrels of oil, the equivalent of $49 billion

The full study, prepared on behalf of the Renewable Fuels Association, can be found here.

http://w.sharethis.com/images/twitter_32.png");" class="stLarge">http://w.sharethis.com/images/facebook_32.png");" class="stLarge">http://w.sharethis.com/images/email_32.png");" class="stLarge">http://w.sharethis.com/images/sharethis_32.png");" class="stLarge">
- See more at: http://www.ethanolrfa.org/news/entry/rfa-releases-2015-economic-impact-report/#sthash.Pzqq27QH.dpuf

GRAPEVINE, Texas — At this year’s National Ethanol Conference, the Renewable Fuels Association (RFA) released a new ABF Economics study titled “Contribution of the Ethanol Industry to the Economy of the United States in 2014,” which quantified the economic, national security, and job creating benefits of domestic ethanol production in 2014.

The study revealed that last year the ethanol industry was responsible for 83,949 direct jobs and 295,265 indirect and induced jobs. In addition to good-paying, non-exportable jobs, the ethanol industry added $52.7 billion to the national GDP, $26.7 billion to household incomes, and $10.3 billion in taxes, which help stimulate the national, state, and local economies. The study also revealed that the 14.3 billion gallons of ethanol produced in 2014 displaced an immense 515 million barrels of foreign oil, which carries a monetary value of almost $49 billion.

Bob Dinneen, president and CEO of the RFA, touted the study’s findings, stating, “Numbers are powerful. These numbers reflect the vast reach of the U.S. ethanol industry across many sectors of our society. Each of the nearly 380,000 jobs represents a solid, stable income for a parent who can continue to provide for their family, buy groceries, and pay the rent on time. Each of the $10.3 billion spent in local, state, and federal taxes mean improved public services, safe, drivable roads, more teachers for local school systems or greater access to the latest technology and information for students. And, each of the 515 million barrels of oil we no longer have to import, mean less dependence on often volatile countries and a more stable energy future for all Americans.”

Dinneen continued, “It is my hope that Americans and policymakers alike will look at these numbers and fully understand the integral role of biofuels in our society.”

John Urbanchuk, author of the study and managing partner of ABF Economics, concluded his analysis by noting, “The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue, and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable. Continued growth and expansion of the ethanol industry through new technologies and feedstocks will enhance the industry’s position as the original creator of green jobs, and will enable America to make further strides toward energy independence.”

A brief summary of the study’s findings:

  • $52.7 billion to America’s gross domestic product
  • 83,949 direct jobs and 295,265 indirect and induced jobs
  • $26.7 billion to household incomes
  • $10.3 billion in federal, state and local taxes
  • Displaced 515 million barrels of oil, the equivalent of $49 billion

The full study, prepared on behalf of the Renewable Fuels Association, can be found here.

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- See more at: http://www.ethanolrfa.org/news/entry/rfa-releases-2015-economic-impact-report/#sthash.Pzqq27QH.dpuf