Indiana releases ethanol impact study

Ethanol Producer Magazine
July 2010
By Luke Geiver
Posted July 7, 2010

With 980 MMgy of ethanol production capacity making up 7 percent of the U.S. ethanol industry, the role of ethanol in Indiana seems pretty important. A new study by Informa Economics Inc., an agricultural and commodity/product market research firm, shows that for economic growth in the Hoosier state, the ethanol industry is actually second to none. “The overall ethanol industry is the single most important factor supporting the growth of agricultural production in Indiana,” the report said.

Intended for business leaders and government officials, the report presented at the “Fuel Freedom, the Indiana Ethanol Forum,” was sponsored by the Indiana Corn Marketing Council (ICMC) and Growth Energy. During the forum, held at an Indianapolis Colts complex, Dallas Clark of the Colts also presented a scholarship to an Indiana student who had created a video displaying the impact of ethanol on the state. “Dallas has been a great face for our program and really believes in the importance of biofuels for our economy, environment and energy independence,” said Megan Kuhn, communications director for ICMC.

The report measured the industry’s contribution to Indiana’s gross state product (GSP), household incomes, mostly rural residents and farmers, permanent employment and finally, local and state taxes.

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