Wednesday, November 20, 2019
SIOUX FALLS, SD (November 20) – Another major biofuels victory was announced today as the New York Department of Agriculture and Markets issued their final rule allowing sales of E15 in the state of New York.
“Climate change is a near-term problem that requires a near-term solution, and we applaud Governor Cuomo and his administration for recognizing the carbon-cutting impact of E15. We’re proud to work with the state of New York to create a cleaner, healthier, lower carbon world for the next generation.” says POET Founder and CEO Jeff Broin. Moving New Yorkers from E10 to E15 will remove 3.74 million tons of CO2 from the atmosphere over 5 years.
Today’s announcement not only opens the fourth-largest fuel market in the nation to more biofuels, it affirms that one day soon more ag-based fuels will be used in every state, reducing our nation’s exposure to toxic chemicals from tailpipe emissions and generating additional economic and environmental benefits for our world.
POET worked with policymakers, industry partners, and key stakeholders over the last few years to deliver this incredible win for the industry and for New York consumers.
Today’s action demonstrates the growing demand for E15 – the better, cleaner fuel that will ultimately save American drivers millions of dollars at the pump each year.
POET, headquartered in Sioux Falls, SD, is the world’s largest biofuels producer. POET is a leader in biorefining through its efficient, vertically integrated approach to production, resulting in low cost production and savings for farmers and investors alike. Started in 1987, the company today has a network of 28 production facilities across 7 states. At full run rates, POET purchases 5% of US corn and produces 2 billion gallons of ethanol, 10 billion pounds of distillers dried grains, and 600 million pounds of corn oil annually. In 2019, Fast Company recognized POET on its annual list of “Most Innovative Companies” for transportation and FORTUNE recognized POET on its list of companies that are changing the world. For more information, visit poet.com.