Media Release, May 8, 2012, Toronto, Canada – The biofuels industry contributed $277.3 billion to the global economy in 2010 according to a new report commissioned by the Global Renewable Fuels Alliance. “Contribution of Biofuels to the Global Economy” done in partnership with the global economic research company, Cardno Entrix, outlines the economic footprint of the biofuels industry that is continuing to grow at a strong pace.
“This latest report clearly shows that the biofuels industry is having a tremendous impact on the global economy,” said Bliss Baker, spokesperson for the Global Renewable Fuels Alliance.