Tuesday, June 26, 2018
SIOUX FALLS, S.D. (June 26, 2018) – POET Sr. Vice President of External Affairs and Communications Kyle Gilley today responded to the EPA’s proposed rule on the 2019 Renewable Volume Obligations under the Renewable Fuel Standard.
“Proposed biofuel volumes are meaningless when the EPA continues to hand out waivers to the largest and most profitable companies in the world. The more-than 1.6 billion gallons that have already been waived this year equal a 4 percent drop in the corn grind nationally, devastating for farmers who have faced more than four years of declining farm income and poor crop prices.
“Administrator Pruitt and the Trump Administration must stand up for farmers, immediately reallocate those lost gallons and cease bailouts to the oil industry. We are disturbed by reports that a reallocation plan was dropped due to pressure from oil interests. Refiners must be held accountable, and E15 must be available to consumers year-round. Only then will these numbers have any meaning.”
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.