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Ethanol industry "big" in Minnesota

MINNEAPOLIS, Minn. (KFGO AM) -- A new study from the Fuels America Coalition shows that the ethanol industry has a $12-billion impact on Minnesota's economy.

Minnesota-based POET is one of the largest ethanol producers in the world and the company's Larry Ward says not only is Minnesota benefiting from renewable fuels, but many other organization in the state are contributing to ethanol's success.

Analyst John Dunham says the industry is having an incredibly positive impact, and doing it without subsidies after the expiration of the ethanol tax credit more than two years ago.