POET'S POLICY VOICE
POET's involvement in federal and state policy issues.
POET: Driving Clean Energy Innovation
As a world leader in renewable energy, POET follows a simple mission:
• Be good stewards of the land
• Create jobs in rural America
• Drive clean energy innovation with biofuels
Since 1987, POET’s team has continually led the way by innovating sustainable technologies and introducing earth-friendly bioproducts that will better protect the health of our families and our planet – today and for years to come.
Among recent honors, Fast Company recognized POET on its 2019 list of the “Most Innovative Companies” in transportation, and POET CEO Jeff Broin was awarded the Global Bioenergy Leadership Award at the 2019 Advanced Bioeconomy Leadership Conference.
POET: Changing the world starts here.
Delivering Year-Round E15
On October 9, 2018, President Donald Trump directed the U.S. Environmental Protection Agency (EPA) to initiate a rulemaking to allow year-round sales of E15 fuel and increase transparency in the Renewable Identification Number market.
Fixing outdated regulations to allow year-round sales of E15 will:
POET is working closely with the Trump Administration, fuel retailers, and agriculture leaders to finalize and approve the new rule allowing year-round sales of E15 before the 2019 summer driving season.
Resetting Renewable Fuel Standard Targets
The Clean Air Act grants the U.S. Environmental Protection Agency (EPA) authority to adjust volumetric targets for renewable fuels established by Congress under certain circumstances. The EPA is expected to use this authority to reset annual volumetric targets for 2020-2022.
As the recognized global leader in both starch-based and cellulosic biofuel production, POET remains committed to ensuring that any new volumetric targets proposed by the EPA serve to strengthen the Renewable Fuel Standard and continue to encourage future growth and investment in homegrown biofuels.
Expanding State Low Carbon Fuel Standards
In an effort to reduce lifecycle greenhouse gas emissions and improve air quality, a number of policymakers are working at the state level to enact or strengthen Low Carbon Fuel Standard (LCFS) programs. These programs are designed to encourage the use of cleaner fuels with lower carbon intensity.
At POET, our environmental mission is central to who we are and what we do. Cleaner-burning renewable biofuels, including mid-level blends like E15 and E30, are the best way for states to achieve their carbon reduction goals. POET continues to partner with policymakers across the U.S. to ensure that the many environmental benefits of biofuels are appropriately recognized and accurately measured in each state’s LCFS program.
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