POET CEO Jeff Broin will outline how ethanol lowers gas prices by providing competition to foreign oil and how that impact can be even greater with open access to the U.S. fuel market at a Senate committee hearing Wednesday in Washington, D.C.

The hearing, held by the U.S. Senate Committee on Agriculture, Nutrition and Forestry, is titled “Fundamentals and Farming: Evaluating High Gas Prices and How New Rules and Innovative Farming Can Help”. Broin will discuss how agriculture is already making a difference through ethanol, but how that positive effect can be much more significant by allowing innovative producers and farmers to respond to the challenge presented when worldwide events drive up the cost of imported oil.

The hearing is scheduled for 10:30 a.m. EST Wednesday in the Senate Agriculture Committee Hearing Room, SR-328A. A live webcast will be available on the committee website: http://ag.senate.gov.

About POET
POET, the largest ethanol producer in the world, is a leader in biorefining through its efficient, vertically integrated approach to production. The 23-year-old company produces more than 1.7 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from 27 production facilities nationwide. POET also operates a pilot-scale cellulosic ethanol plant, which uses corn cobs as feedstock, and will commercialize the process in Emmetsburg, Iowa. For more information, visit http://www.poet.com.

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