Poet responds to EPA decision to maintain point of obligation

Poet CEO Jeff Broin
Poet CEO Jeff Broin

US advanced biofuels producer Poet has responded to the Environmental Protection Agency’s (EPA) decision to maintain the current point of obligation under the Renewable Fuel Standard (RFS).

CEO Jeff Broin said: “By maintaining the point of obligation for the RFS, the EPA is allowing the system to continue to work as designed. Under the RFS, infrastructure for biofuel-blended fuel is expanding, with opportunities for additional consumer-driven growth.

“The RFS works, evident from the numerous benefits it allows Americans to enjoy today: cleaner air, fewer carcinogens in gasoline, lower fuel costs and increased energy independence.

“President Trump has vowed to preserve the RFS. I applaud the President and EPA for standing up to special interest groups within the oil industry who seek to undermine American-made biofuels.”

Poet CEO Jeff Broin