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Statement from POET CEO on U.S. elections


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Renewable energy remained an important part of national discussion

POET CEO Jeff Lautt released the following statement regarding the federal elections:

“The important role of renewable fuel in our nation’s economy, national security and environment was evident throughout this year’s campaigns from both sides of the aisle, and the fact that so many of our nation’s elected officials recognize that makes me optimistic for the future of the biofuels industry.

“As President Obama noted this fall, ‘Biofuels are an important part of reducing America’s dependence on foreign oil and creating jobs here at home.’ I look forward to continued support for the Renewable Fuel Standard to ensure that more and more drivers have access to clean fuel produced here in the United States.

“I also look forward to working with members of 113th Congress to help them learn about the many benefits and U.S. jobs the biofuels industry provides today and the enormous potential of advanced biofuels through efforts such as Project LIBERTY, which is under construction in Iowa and on schedule for completion in 2013.”

About POET

POET, one of the world’s largest ethanol producers, is a leader in biorefining through its efficient, vertically integrated approach to production. The 25-year-old company has a production capacity in excess of 1.6 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from its network of 27 production facilities. POET also operates a pilot-scale cellulosic bio-ethanol plant, which uses corn cobs, leaves, husk and some stalk as feedstock, and expects to commercialize the process in Emmetsburg, Iowa through its joint venture with DSM. For more information, visit http://www.poet.com.