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March 06, 2009 | Jim Lane | Comments 0

Growth Energy trade groups says 136,000 jobs, $24 billion will result from switch to E15

In Washington, ethanol trade group Growth Energy said that 136,000 jobs would be created along with a $24 billion increase in economic activity if E15 blending is allowed by the EPA, increasing the market for domestically produced fuel.

A North Dakota State University study found that US ethanol consumption could rise to 20.4 billion gallons of ethanol per year based on E15 and a domestic market of 136 billion gallons of ethanol. The move to E15 would stimulate the construction of 6 billion gallons of added capacity, as well as create demand for the 1.9 billion gallons of production currently idled and 1.5 billion gallons of production under construction.

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