POET CEO Jeff Lautt’s statement on E15 ruling
Friday, August 17, 2012
SIOUX FALLS, SD (August 17, 2012) – POET CEO Jeff Lautt today issued the following statement in response to ruling by the U.S. Court of Appeals for the D.C. Circuit in the case of the Grocery Manufacturers Association v. Environmental Protection Agency, 10-1380:
“The appellate court decision today helped ensure that groups with ulterior motives will not derail the expansion of domestic, renewable fuel. E15 will allow ethanol to further lower gas prices, lower U.S. dependence on foreign oil and improve our economy.
“POET, as part of POET-DSM Advanced Biofuels, is now building a commercial cellulosic ethanol plant that will use corn cobs, leaves, husk and some stalk to produce renewable fuel. Crop residue could be used to produce nearly 8 billions of gallons of ethanol for the U.S., but only if drivers are given the option to use it. E15 gives cellulosic ethanol a viable market.
“I look forward to seeing E15 become available at fuel stations across the country.”
POET, one of the world’s largest ethanol producers, is a leader in biorefining through its efficient, vertically integrated approach to production. The 25-year-old company has a production capacity in excess of 1.6 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from its network of 27 production facilities. POET also operates a pilot-scale cellulosic bio-ethanol plant, which uses corn cobs, leaves, husk and some stalk as feedstock, and expects to commercialize the process in Emmetsburg, Iowa through its joint venture with DSM. For more information, visit http://www.poet.com.