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The State of the Ethanol Industry

Chuck Zimmerman

Bob DinneenIf you want a fact-filled rundown on just how things are going in the ethanol industry then look no further than today’s State of the Ethanol Industry speech by Renewable Fuels Association President/CEO, Bob Dinneen. He was introduced as the Reverend of Renewable Fuels and if you listen to the end of his speech you’ll know why. I love this quote from Bob, “We have met the nattering nabobs of negativity, and we have soared.” In a word, he says the ethanol industry is sound.

Here’s a couple quick facts from Bob’s speech. In 2006, the ethanol industry:

  • Increased gross output by $41 Billion;
  • Supported the creation of 163,000 jobs, including 20,000 in the manufacturing sector;
  • Put an additional $6.7 Billion into the pockets of American consumers;
  • Added $2.7 Billion in new tax revenue for the federal governmant and $2.2 Billion for state and local treasuries.

Here’s a link to the text of the speech: State of the Ethanol Industry (Word doc)

Listen to Bob’s speech here (25 min): nec-07-dinneen-open.mp3

Audio, Ethanol