The United States' move away from dependency on foreign oils began one sunny morning in New York City; in a rural part of Pennsylvania; and at the Pentagon in Washington, D.C. It was September 11, 2001. Since that day, according to the Renewable Fuels Association, ethanol has emerged as the leading renewable fuel alternative to our dependence on foreign oil and it has benefited from landmark legislation.
Today, there are more than 200 ethanol plants in 26 states, with even more under construction. The industry supports almost half a million jobs and contributes to the coffers of every level of government, generating an estimated $12 billion in federal tax revenues and $9 billion in state and local revenues in 2008. Challenges ahead include breaking through the 10% blend wall, while expanding the vehicle fleet and blender pump infrastructure for E85.
The Renewable fuels Association says the opportunities that lay before this industry are vast, and are a direct result of the progress it has achieved through a collective belief in a rising tide lifting all boats. Ten years from now, there can be little doubt that ethanol from a wide array of sources will be a more significant and even more meaningful piece of America's energy future.
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