Ethanol industry contributed $2.1 billion to Minnesota’s economy in 2024

Minnesota’s ethanol industry contributed $2.1 billion to the state’s gross domestic product in 2024, according to a new study by the University of Minnesota Extension.

The study said 1.4 billion gallons of ethanol was produced in Minnesota last year, which in turn, generated $5.2 billion in economic activity and supported 18,434 jobs in the state.

"We know that ethanol produced in Minnesota is making our state more energy secure by displacing foreign imports and cleaning up our air because ethanol lowers greenhouse gas emissions. This report makes clear that the ethanol industry is also contributing to our economy through crop purchases, job creation, and state and local taxes,” said Brian Werner, executive director of the Minnesota Bio-Fuels Association.

Click here to view the original article from the Ethanol Producer Magazine.