In this week’s Corn Comments segment, Jim Woster shares some stories and impressive statistics about renewable, clean-burning, South Dakota-made ethanol.
Here are a few facts:
Ethanol produces both food and fuel. In 2014 South Dakota’s 15 ethanol plants turned around 360 million bushels of corn into 1 billion gallons of ethanol and 2.7 million metric tons of distillers grain, aka high-protein livestock feed demanded by farmers at home and around the globe.
In South Dakota, ethanol has a $3.8 billion economic impact and directly employs over 1,900 people whose wages average around $60,000.
Nationally, the ethanol industry employs just under 400,000 people and displaced the need for 515 million barrels of foreign oil in 2014, keeping $49 billion in the USA!
South Dakota has a new ethanol plant on the horizon near Onida. To learn more about Ringneck Energy investment opportunities and more, visit: http://ringneckenergy.com