An advisory by Houston¿s Industrial Information Resources predicts that renewable fuels could boost the U.S. economy by $300 billion and create as many as 300,000 new jobs in the synthetic fuel sectors of the economy by 2016.
The build-out of the ethanol industry has already begun, according to IIR. Pending legislation that could ban the use of MTBE in 13 states, the industry is planning to invest in construction and plant expansions in anticipation of market growth.