POET's involvement in federal and state policy issues.

Ending Big Oil Bailouts

The EPA continues to bail out some of the nation’s largest and most profitable oil refiners with small refinery exemptions (SREs), undermining President Trump’s promise to grow biofuel volumes and protect rural jobs.

During the first three years of the Trump Administration, the number of SREs has skyrocketed 485 percent. The EPA’s unprecedented abuse of the waiver program has cut biofuel demand by 4 billion gallons and slashed corn demand by 1.4 billion bushels. This senseless demand destruction is closing biorefineries, killing jobs and inflicting severe damage on the rural economy.

POET has appealed to the White House and the EPA to end SRE abuse and to uphold the intent of the Renewable Fuel Standard by reallocating lost biofuel gallons to other obligated refiners – before more rural jobs and farms are needlessly lost.

Source: EPA

EPA Issues Final E15 Rule

The U.S. Environmental Protection Agency (EPA) on Friday, May 31, issued a final rule to allow consumers uninterrupted access to E15, a fuel blend with 15 percent ethanol. The announcement comes following a public comment period on a proposed rule and in time for this summer’s driving season.

The EPA’s rule changes the nearly decade-old limitations on year-round E15, allowing consumers to have year-round access to the clean, lower-cost option at the pump. Previously, E15 sales were restricted in most markets from June 1 to Sept 15.

Thirty years ago, POET opened its doors as a means to lift one family farm out of the agriculture crisis. Today, we operate 30 biofuel facilities in eight states and support thousands of American jobs across the heartland. Every day, POET produces homegrown renewable energy – keeping our air cleaner and supporting our economy. We help drivers save the environment – while saving money at the fuel pump. POET is also committed to supporting public policies that reflect our passion for innovation and promote America’s continued growth as the world leader in biofuel production. Our mission is to build more sustainable world, from the ground up.

Resetting Renewable Fuel Standard Targets

The Clean Air Act grants the U.S. Environmental Protection Agency (EPA) authority to adjust volumetric targets for renewable fuels established by Congress under certain circumstances. The EPA is expected to use this authority to reset annual volumetric targets for 2020-2022.

As the recognized global leader in both starch-based and cellulosic biofuel production, POET remains committed to ensuring that any new volumetric targets proposed by the EPA serve to strengthen the Renewable Fuel Standard and continue to encourage future growth and investment in homegrown biofuels.

Expanding State Low Carbon Fuel Standards

In an effort to reduce lifecycle greenhouse gas emissions and improve air quality, a number of policymakers are working at the state level to enact or strengthen Low Carbon Fuel Standard (LCFS) programs. These programs are designed to encourage the use of cleaner fuels with lower carbon intensity.

At POET, our environmental mission is central to who we are and what we do. Cleaner-burning renewable biofuels, including mid-level blends like E15 and E30, are the best way for states to achieve their carbon reduction goals. POET continues to partner with policymakers across the U.S. to ensure that the many environmental benefits of biofuels are appropriately recognized and accurately measured in each state’s LCFS program.

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