Friday, November 30, 2018
SIOUX FALLS, S.D. (Nov. 30, 2018) – POET Sr. Vice President of External Affairs and Communications Kyle Gilley responded to the EPA announcement today on the 2019 Renewable Volume Obligations under the Renewable Fuel Standard.
“The 2019 biofuel volumes coupled with year-round sales of E15 show a clear path forward for America. Growth in biofuel use will boost U.S. farmers, rural economies and consumers’ pocketbooks while cleaning our air and replacing harmful toxins in gasoline.
“Unfortunately, the previous EPA administrator dealt our nation’s biofuels program a serious setback with refinery waivers to the most profitable companies in the world that effectively slashed the 2018 volumes. Those waivers continue to weaken corn prices, cut biofuel production and even idle some facilities. It is time to get our America First fuel policy back on track, and we encourage the acting EPA administrator to hold oil refiners accountable and maintain the integrity of the Renewable Fuel Standard.
“We applaud the Trump administration and the EPA for setting responsible volume targets and moving forward to allow year-round E15 use. Properly enforced, 2019 is poised to be the start of a new boom in agriculture as farmers supply the U.S. with even more clean biofuel.”
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.