POET responds to EPA Renewable Volume Obligation announcement
POET CEO: Market growth increases biofuel’s benefits to U.S. security, economy, air quality
Wednesday, November 23, 2016
SIOUX FALLS, S.D. (Nov. 23, 2016) – POET CEO Jeff Broin responded today to the EPA’s announcement of the 2017 Renewable Volume Obligiations under the Renewable Fuel Standard.
“The grain ethanol industry is ready and able to meet its obligation under the Renewable Fuel Standard, and today’s rule from the EPA reflects that reality.
“I commend the EPA on holding firm to the letter of the law despite enormous pressure from oil interests. These numbers reflect the intent of Congress in making homegrown, renewable biofuels a sizable portion of our transportation fuel supply.
“Biofuels like ethanol improve our energy security, replace cancer-causing chemicals in gasoline and reduce greenhouse gasses. Biofuels drive rural economies across the Midwest, and today’s announcement is welcome news for those areas in particular. We must continue to grow the market for biofuels so that we can bring safer, cleaner fuels to America. The EPA’s numbers do just that.”
POET, one of the world’s largest ethanol producers, is a leader in biorefining through its efficient, vertically integrated approach to production. The 28-year-old company has a production capacity in excess of 1.7 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from its 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.