Wednesday, November 22, 2017
SIOUX FALLS, S.D. (Nov. 22, 2017) – POET CEO Jeff Broin today responded to the EPA’s decision to maintain the current point of obligation under the Renewable Fuel Standard.
“By maintaining the point of obligation for the Renewable Fuel Standard (RFS), the EPA is allowing the system to continue to work as designed. Under the RFS, infrastructure for biofuel-blended fuel is expanding, with opportunities for additional consumer-driven growth.
“The RFS works, evident from the numerous benefits it allows Americans to enjoy today: cleaner air, fewer carcinogens in gasoline, lower fuel costs and increased energy independence. President Trump has vowed to preserve the RFS. I applaud the President and EPA for standing up to special interest groups within the oil industry who seek to undermine American-made biofuels.”
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.