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Biofuel Industry Economic Impacts and Analysis: Reporting the Facts in an Environment of Hype

Presented by: David Swenson, Iowa State University
Host: Mike Jacobson, Penn State, NEWBio

While we often articulate the overall benefits of biofuels development in the U.S. along lines of environmental improvement coupled with a vague notion of energy security, most state and regional interest in biofuels development hinges on one primary outcome: Jobs.
The promises of job creation associated with biofuels expansion have, however, been significantly less than boosters, politicians, and other vested interests promised.  This session will explain the net productivity gains to regional economies as a result of ethanol production, to include the likely net new jobs that were realized for the state of Iowa, which has the most ethanol refining capacity among the states, as well as the U.S. total.  In addition, and relying on research on the cellulosic ethanol potential in NY state, this presentation displays that state's biofuels job potential and uses that information to impute potential national impacts were the advanced biofuels mandate of 8 billion gallons met.

The NEWBio Webinar Series  is hosted by Mike Jacobson, Penn State University and eXtension Farm Energy and held (usually) on the second Tuesday of each month at 1PM Eastern time, 12 CT, 11 MT, 10 PT. These online, hour-long presentations are free to the public, and feature important topics related to bioenergy in the northeast.

Attend the live webinars at https://meeting.psu.edu/bioenergy - sign in as a guest.




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This technology is supported in part by New Technologies for Agriculture Extension grant no. 2020-41595-30123 from the USDA National Institute of Food and Agriculture and membership funding. Any opinions, findings, conclusions, or recommendations expressed in the content are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture. For more information, please visit extension.org. You can view the terms of useat extension.org/terms.

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