Analysis calculates economic impact cellulosic ethanol plants

A new analysis by North Dakota State University finds that the economic impact of a cellulosic ethanol plant in North Dakota would have a larger economic impact than a corn ethanol plant. While a corn ethanol plant would have $17 million of annual economic impact and create 40 direct jobs, a cellulosic plant was projected to have an annual economic impact of $53 million and create 77 jobs. The authors suggest the additional impact from a cellulosic plant is due to (1) the creation of new revenue streams from agricultural residues that previously had little or no existing market and (2) additional costs in feedstock collection and transportation. The full analysis can be found here.