Tuesday, April 11, 2017
SIOUX FALLS, S.D. (April 11, 2017) – POET President and Chief Operating Officer Jeff Lautt today issued the following statement in response to the California Court of Appeal decision on the state Low Carbon Fuel Standard.
“We appreciate that the court recognized that state regulations must be based on solid science to deliver cleaner, more affordable options at the pump. This is now the second time the court has ruled that the California Air Resources Board has not followed the law in implementing the Low Carbon Fuel Standard. We look forward to working with state officials to bring this program in line with the latest science.
“Homegrown ethanol is America’s most abundant low-carbon fuel, and we must ensure that all renewable energy producers can compete on a level playing field against imported energy and fossil fuels. This is especially true given USDA’s recent research demonstrating ethanol has 43 percent lower greenhouse emissions than gasoline. This decision will require regulators to sit down, take a look at the science and finally get this right so there is a full range of renewable options available to California drivers who care deeply about their health and their climate.
“POET is committed to working with other biofuel producers to deliver the best selection of homegrown fuels to California drivers, including biodiesel, Midwest ethanol, renewable diesel, and cellulosic ethanol. POET supports an LCFS that’s based on sound science and allows all renewable fuel access to the market to improve California’s health and environment.”
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.