The ethanol industry played a strong role in the U.S. economy last year, setting new production records despite lower commodity prices, according to a report from the Renewable Fuels Association (RFA), reports NACS.
In 2024, the industry provided 56,000 direct jobs in the United States and supported an additional 258,000 jobs in various sectors. The report highlighted that ethanol production contributed $28.3 billion to household income, added $53 billion to the country’s economy, and generated more than $10 billion in tax revenue at the federal, state, and local levels.
“Our ethanol producers worked hard in 2024 to set a new production record, helping American families benefit from a cleaner and more affordable fuel option,” said RFA President and CEO Geoff Cooper. “They are looking forward to opportunities in the coming year, focusing on energy security and supporting the farming industry.”
The report also noted that the industry spent $30 billion on raw materials and other goods and services needed for ethanol production, with corn purchases alone reaching $23 billion. This spending provided a major boost to farming communities across the country.
According to data from NACS Daily, U.S. ethanol exports for 2024 reached 1.72 billion gallons by November, surpassing the previous record of 1.67 billion gallons set in 2018. The RFA pointed out that this was achieved despite trade barriers imposed by key markets such as Brazil and China.
The association stressed the need for continued access to international markets for ethanol and related products like distillers grains. “It is important that U.S. ethanol producers have fair access to global markets. In 2025, open markets should remain open, and closed markets should be reopened,” the RFA stated.
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