Wednesday, July 5, 2017
SIOUX FALLS, S.D. (July 5, 2017) – POET CEO Jeff Broin today responded to the EPA’s proposed rule on the 2018 Renewable Volume Obligations under the Renewable Fuel Standard.
“The EPA's proposal recognizes the enormous success of the Renewable Fuel Standard. Today biofuels lower gas prices, enhance engine performance and improve air quality.
“We have initial concerns that the overall reduction in biofuels gallons will cool advances in cellulosic ethanol technologies. For the biofuels industry to grow, we need to see robust cellulosic ethanol production using multiple feedstocks from across the country, and the annual EPA volumes must keep our industry on that path. The final targets must provide the proper incentives to spur additional growth in production, innovation and the necessary fuel infrastructure. We are reviewing the proposal and will provide any recommendations in our comments to EPA.
“With America’s farmers facing plummeting commodity prices, incomes and land value, there has never been a more important time to reinforce rural America’s role in producing clean energy.
“Biofuels replace harmful chemicals in gasoline and help lower health risks associated with cancer, developmental disorders, as well as heart and lung disease. The benefits don’t stop there. Starch-based biofuels reduce greenhouse gas emissions by 43 percent, and cellulosic biofuels provide an even greater reduction: 85-95 percent. All this while providing lower prices at the pump and a higher-octane fuel for our engines. Policy stability under the RFS will allow the biofuels industry to build on its success and provide even more benefits to America.”
POET, the world’s largest biofuels producer, is a leader in biorefining through its efficient, vertically integrated approach to production. The 30-year-old company has a network of 27 production facilities. POET, through its joint venture with DSM, also operates a commercial-scale cellulosic ethanol plant in Emmetsburg, Iowa. For more information, visit http://www.poet.com.