POET Responds to EPA Renewable Volume Obligation
Jeff Broin: President Trump validates biofuels are a critical component of the US fuel supply, more needed to realize the potential of cellulose and spur economic growth in rural America
SIOUX FALLS, SD - November 30, 2017: POET CEO Jeff Broin today responded to the EPA's final rule on the 2018 Renewable Volume Obligations under the Renewable Fuel Standard.
"Biofuels are a critical component of the US fuel supply, and today President Trump and the EPA confirmed that fact. With starch-based biofuels remaining at full volumes, Americans will continue to benefit from cleaner air by replacing harmful cancer causing chemicals in gasoline, and stronger energy security by offering homegrown fuels that cost less.
"Unfortunately, this final rule fails to recognize the enormous opportunity before us to harness our nation's vast cellulosic resources for higher performing and lower cost fuels. POET remains committed to seeing the US lead the world in cellulosic biofuel production. All groups that support cleaner-burning, renewable fuels should work together to help the EPA understand why a viable starch industry and aggressive targets for cellulosic and advanced biofuels are essential to safeguarding public health and improving the health of our planet.
"America still imports 25 percent of its oil, and the need for domestic biofuel production is stronger than ever. There is enough biomass in the US to eliminate oil imports and give our nation true energy independence. By using starch and cellulosic feedstocks, we can grow US biofuel production and help stabilize farm incomes at a time when rural America needs it most. We will work with the Administration and EPA going forward to restore growing biofuel targets that will spur innovation in rural communities."
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.