The US ethanol industry contributed USD 44.4 billion to the country’s gross domestic product (GDP) in 2017, according to a study released by the Renewable Fuels Association (RFA).
The sector also supported almost 72,000 direct jobs and almost 287,000 indirect and induced jobs last year.
The RFA says 2017 was another banner year for the US ethanol industry as it produced a record 15.8 billion gallons from 211 biorefineries located in 28 states.
Exports were also at a record level of about 1.4 billion gallons. In 2017, the US exported ethanol to more than 60 countries. Brazil accounted for the largest share, 33% of US exports, followed by Canada, India, the Philippines and South Korea. Exports to China, meanwhile, plunged following the imposition of new tariffs.
Provided by Renewables Now exclusively for Essentica.
Ethanol industry adds USD 44bn to US GDP in 2017