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POET official reflects on D.C. fly-in

 

An ethanol industry leader says giving RINs credits to oil refiners exporting biofuels does not comply with the intent of the Renewable Fuels Standard.

David Gloer is the general manager of POET biorefining in Caro, Michigan.  He believes President Trump is supportive of the biofuels industry, including allowing for E-15 year-round, but other political leaders like Senator Ted Cruz of Texas are championing for the oil industry.  “There are some political leaders like Cruz that want to have the export gallons get RINs credit, but that was never the intent of the RFS.  The intent of the RFS was domestic gallons.”

He tells Brownfield if the disputes continue and the Renewable Volume Requirements are lowered, farmers and ag communities will be impacted.  “There’s simply too much grain on the market and therefore, prices are going to plummet for grain.  If we don’t keep the RFS intact and we don’t allow the ROV to remain intact, then it really could start to impact farmers and the price of grain.”

After a D.C. fly-in this week, Gloer says elected officials seem to be burned out on the issue and unwilling to take to lead for farmers.

The Caro POET facility was Michigan’s first ethanol plant built in 2002 and can produce more than 70 million gallons of ethanol each year.

POET biorefining has 28 plants in seven states.

AUDIO: Brownfield Interview with David Gloer