POET Comments On New EPA Rule

New numbers break the blend wall, but fail to capture the potential of greater ethanol production

SIOUX FALLS, S.D. (Nov. 30, 2015) – POET CEO Jeff Broin commented today on the EPA’s Renewable Volume Obligation rule.

“The EPA volumes announced today are a move in the right direction, and they correctly call the oil industry’s bluff about our ability to surpass 10 percent ethanol use in the U.S.

“However, these numbers fall well short of our capability to provide clean, domestic ethanol to America’s drivers. Additionally, the EPA’s method for arriving at these numbers is contrary to the intent of the Renewable Fuel Standard.

“I look forward to breaking the so-called ‘blend wall’ next year and proving this country’s ability to replace more imported oil with biofuels produced within our borders. In the future, we need to see a stronger and more consistent commitment to renewable fuel from Washington if we are ever going to realize the true potential of renewable fuels, including the development of cellulosic ethanol.”

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 28-year-old company has a production capacity in excess of 1.7 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from its network of 28 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.