A new study put out by a leading advocate of biofuels finds that green energy sources have been key to keeping the economy on a somewhat even keel and more production would help further economic recovery in at least one state… and you have to believe that it would apply to many more.
At the Iowa Renewable Fuels Association meeting in Des Moines this week, the group released a new study that shows how big of an impact the renewable fuels industry has on Iowa’s economy. Furthermore, idled capacity that goes back into production could boost that state’s economic turnaround:
“2008 was a year of unprecedented challenges for the biofuels industry,” said economist John Urbanchuk, a director with LECG, LLC. “Despite the challenge to profitability, the biofuels industry continued to grow and met the Renewable Fuel Standard target of nine billion gallons for 2008. Iowa leads the Nation in biofuels output accounting for 26 percent of U.S. ethanol and 12 percent of biodiesel production capacity.”
According to the report, “Contribution of the Biofuels Industry to the Economy of Iowa,” Urbanchuk found that ethanol and biodiesel producers are part of a manufacturing sector that adds substantial value to agricultural commodities produced in Iowa and makes a significant contribution to the Iowa economy. Based on the renewable fuels refineries operating at year-end 2008, ethanol and biodiesel:
* Adds nearly $12.0 billion, or about 9 percent, to Iowa GDP
* Generates $2.8 billion of household income for Iowa households
* Supports nearly 83,000 jobs through the entire Iowa economy (or 5.4% of private, non-farm employment), and
* Generates $576 million in state tax revenue.
IRFA officials add that if the nine idled biodiesel and ethanol plants in Iowa were brought back on line, they would add $300 million to Iowans’ income, create over 9,000 new direct and indirect jobs and put over $70 million in additional tax revenues into the state coffers.
You can read the entire report here.


Vilsack says he favors improving efficiency in ethanol plants in order to ensure that the industry survives the economic downturn. “We need to make sure that the biofuels industry has the necessary support to survive the recent downturn,” Vilsack told reporters.
Less than a week away from the 2009 National Biodiesel Conference & Expo, Feb. 1-4, in San Francisco!
# Racecar Driver for a Day! – Sunday, Feb. 1
In addition, starting this Saturday, Jan. 31st, the conference gets a jumpstart a day early as the
And our own Cindy Zimmerman will be there bringing you all the important events as they happen. If you can’t attend, be sure to check out all the activities as Cindy talks to the movers and shakers of the biodiesel world. Check it out on the
Crescent Oil is advancing alternative fuel infrastructure through the recent purchase of Dresser Wayne Ovation® iX™ fuel dispensers and the Fusion™ Universal Site Controller. The fuel supplier plans to implement more than 600 new dispensers throughout its more than 150 retail locations across the Midwestern United States. As a result, the sites will be able to sell a wide range of ethanol fuel blends and streamline operations with improved payment security and remote management.
Ethanol industry leaders are looking forward to working with the Obama administration on the creation of a “clean energy economy,” as outlined in the president’s “American Recovery and Reinvestment Plan.” This edition of “The Ethanol Report” features comments from
Obama used the forum to explain how he believes his “American Recovery and Reinvestment Plan” will jump-start the economy.
Eastern Kentucky University has teamed up with energy research and defense manufacturing firm General Atomics to look at the potential to develop cellulose-based biodiesel.
A Chicago school bus company owner, who was the first in the country to switch 90 percent of his 2,000 bus fleet to biodiesel, is using a modified version of the green-fueled kid-hauler to spread the gospel of biodiesel.
There’s a new person in charge of the federal agency in charge of keeping the environment clean, and thus, a friend to the clean, renewable energy field.
And the National Biodiesel Board seems pretty pleased with the pick: