Iowa’s renewable fuels industry accounted for almost $4 billion or about 2 percent of Iowa’s gross domestic product in 2020, according to a report commissioned by the Iowa Renewable Fuels Association.The report, written by Agriculture and BioFuels Consulting’s John Urbanchuk, shows the industry also provided $1.8 million in household income and 37,000 jobs.Biodiesel production increased in 2020, but ethanol production — which accounts for about 88 percent of the 37,000 jobs — faced myriad obstacles.Decreased fuel consumption during coronavirus, the U.S.
Similar Stories to Renewable Fuels Accounted For Almost $4 Billion In Iowa’s Gdp In 2020, Report Shows on Bing News
John Steppe, The Gazette (Cedar Rapids)
Wed, 02/03/2021 - 6:30pm
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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