POET CEO : Response To U.S. Supreme Court Decision on E15
SIOUX FALLS, SD (June 24, 2013) – POET CEO Jeff Lautt today issued the following statement regarding the U.S. Supreme Court’s decision not to hear the challenge by the oil industry and others of E15 (15 percent ethanol fuel) for cars and trucks 2001 and newer:
“The Supreme Court’s decision today clears the way for more fuel options for U.S. drivers,” Lautt said. “We think drivers deserve reliable choices at the pump. By denying the challenge from renewable fuel opponents to limit growth of clean, American-made fuel, those choices will be available to even more consumers.
“POET, along with DSM, is building a commercial-scale cellulosic biofuel plant in Iowa that will use corn cobs, leaves and other crop residue to make renewable fuel. As the biofuels market is allowed to grow, this technology will spread even more quickly across the country. Today’s decision allows that growth to occur.”
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.