Minnesota’s ethanol industry contributed $2.31 billion to the state’s gross domestic product (GDP) last year, according to a new study by ABF Economics. In 2019, the industry produced 1.31 billion gallons of ethanol, 3.6 million tons of dried distiller’s grains with solubles (DDGS) and 327 million pounds of corn oil. This generated $6.7 billion in gross sales for Minnesota businesses and supported 18,974 jobs last year.
The Nebraska Ethanol Board invites fuel retailers to E15 Workshop Feb. 20 at Hyatt Place in downtown Lincoln, from 1:30 to 5 p.m. The workshop is free thanks to the event sponsors.
During the National Ethanol Conference, NextChem and Saola Energy announced a new collaboration to license technology for the production of Renewable Diesel from vegetable oils and residual fats to the international market.
According to EIA data analyzed by the Renewable Fuels Association for the week ending Feb. 7, ethanol production dropped 4.4%, or 48,000 barrels per day (b/d), to 1.033 million b/d—equivalent to 43.39 million gallons daily. The four-week average ethanol production rate declined 1.4% to 1.048 million b/d, equivalent to an annualized rate of 16.07 billion gallons.
The Renewable Fuels Association has released its 2020 Ethanol Industry Outlook and handy Pocket Guide. Both contain key statistics, trends, insight, and analysis on the latest developments in the U.S. renewable fuels industry, as well as commentary on what to expect in 2020.