Iowa Biofuel Production Rebounds

Cindy Zimmerman

A new study finds Iowa biofuels production rebounded in 2021 to provided a strong boost to the state’s economy.

The study, authored by John Urbanchuk of ABF Economics and commissioned by the Iowa Renewable Fuels Association (IRFA), found the production of ethanol and biodiesel accounts for over $5 billion in state GDP, supports nearly 46,000 jobs throughout the economy, and boosts Iowa household income by more than $2.6 billion. All three metrics are up since 2020’s COVID downturn.

“Rebounding biofuels production combined with higher commodity values really boosted Iowa’s economy in 2021, especially in rural communities,” said IRFA Executive Director Monte Shaw. “And what’s really exciting is that so much more is ahead of us. This is why increasing consumer access to higher blends through the Governor’s Biofuels Access Bill is so vital. When Iowans have access to biofuels, they choose biofuels. They save money and support Iowa’s economy. It’s a win-win for all.”

In 2021 Iowa ethanol production hit an all-time record high of 4.4 billion gallons while biodiesel production decreased only slightly to 340 million gallons in response to market and supply-chain challenges.
Read the full study.

Biodiesel, biofuels, Ethanol, Ethanol News