Minnesota’s ethanol industry bounced back in 2021
Summary
Minnesota’s ethanol industry contributed $2.1 billion to the state’s gross domestic product (GDP) in 2021 as ethanol production and demand recovered from the slowdown in 2020. The industry produced 1.27 billion gallons of ethanol in 2021, 33 percent higher than 2020’s volume, according to a new study by the University of Minnesota Extension. The study said the ethanol industry contributed $1.3 billion in income for Minnesota residents while paying $123 million in state and local taxes. The study said Minnesota’s ethanol industry used 454.1 million bushels of corn in 2021. Apart from ethanol, the industry also produced 3.7 million tons of dried distillers grains with solubles (DDGS) - a high-protein animal feed - and 332.3 million pounds of corn oil in 2021.