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.”