UBJ ENERGY & TECHNOLOGY
Study: Biofuels Bring Almost $1B to SC 2012, and was later expanded to require that 36 billion gallons of renewable fuel be blended into transportation fuel by 2022. Under the RFS, the EPA also had to apply standards to ensure that each category of renewable fuel emits fewer greenhouse gases than the petroleum fuel it replaces.
JENNIFER OLADIPO SENIOR BUSINESS WRITER
joladipo@communityjournals.com A recent report from alternative fuels advocate Fuels America says renewable fuels bring nearly $1 billion in economic impact to South Carolina. The national study, conducted by John Dunham & Associates of New York, estimates the economic impacts of renewable fuels in 2014 using standard econometric models developed by the U.S. Forest Service. Fuels include corn ethanol, cellulosic ethanol, biodiesel and advanced biofuels. The study found that biofuels drive $932.8 million of economic output in South Carolina. The industry is supporting 5,508 jobs and $199.2 million in wages. The figures include direct impacts in agriculture, manufacturing, wholesale and retail; and supplier and induced impacts in an additional eight categories. The industry also paid just over $40 million in taxes. In the Upstate, direct impacts included 148 jobs, $7.8 million in wages and $72.7 million in economic impact. The study was conducted to asses the economic impacts of of the Environmental Protection Agency’s (EPA) Renewable Fuels Standards (RFS), a program implemented in 2005, sparking the use of E15 gasoline made with 15 percent ethanol. It required 7.5 billion gallons of renewable fuel to be blended into gasoline by
JENNIFER OLADIPO SENIOR BUSINESS WRITER
joladipo@communityjournals.com ScanSource Inc. announced
DIRECT IMPACT
JOBS WAGES
OUTPUT
Agriculture
1,465
$4,229,100
$62,980,300
Manufacturing
66
$7,792,200 $119,636,100
Wholesale
67
$4,976,800 $13,952,700
Retail
259
$7,974,600 $16,953,700
Supplier Impact
1,679
$87,338,000
$424,215,500
Induced Impact
1,972
$86,903,500
$295,088,900
TOTAL
5,508
$199,214,200 $932,827,200
10
ScanSource Adds 3-D Printing Sales
UPSTATE BUSINESS JOURNAL
May 16, 2014
a new partnership with Rock Hill-based 3D Systems to sell 3-D printing products. ScanSource believes the reseller channel is ready to embrace 3-D solutions and bring them to a variety of vertical markets. The company is now offering 3-D printers, 3-D scanners and 3-D mice. 3D Systems has been a decades-long innovator and leader in 3-D printing for industrial prototyping with materials including metals, ceramics and edibles. ScanSource, a value-added distributor of specialty technology products, has created a new technologies team dedicated to the sale and support of 3-D printing solutions, the company said. When asked whether the new business would mean expanded staff or operations, Chief Technology Officer Greg Dixon said, “We have a strong team in place to support our partners in selling 3-D solutions, but will certainly build
our staff as needs arise.” “ScanSource has been evaluating the 3-D market for quite some time. As the technology and solutions become attractive to a broader end-user customer base and a reseller channel begins to develop, we found the timing to be right and the market to be ready for value-added distribution,” said Mike Baur, CEO of ScanSource Inc. 3D Systems’ products are targeted for the manufacturing, healthcare, aerospace and automotive markets. Dixon said manufacturing is a predominant market, and healthcare is also growing. “We are thrilled to partner with a distributor of the caliber, size and demonstrated performance of ScanSource,” said Avi Reichental, 3D Systems president and CEO. “ScanSource brings scalable field coverage together with a unique model of training expertise and experienced field resources that support its growing reseller network, substantially expanding our addressable markets and access to new use cases.”