POET has been at the forefront of engaging with policymakers to address demand destruction from Small Refinery Exemptions (SREs) and other critical issues facing the biofuels industry today. Since the Environmental Protection Agency (EPA) issued 31 new SREs in August, agriculture and biofuels representatives have been working on a united front to urge the Trump Administration to uphold the President’s commitment to the Renewable Fuel Standard (RFS) and to address the economic crisis created by the EPA’s use of SREs.
Those united efforts made an impact and helped lead to securing a new biofuels reform package, which was announced by the White House on Oct. 4. The reform package will account for SREs beginning in the 2020 Renewable Volume Obligations (RVOs), add infrastructure funding for E15 and E85, and resolve trade issues impacting ethanol. POET worked closely with industry allies and elected champions in meetings with the White House to help secure the reform package. For more information, see page 16.
The following is an update about the 2020 RVO Comment Period and advocacy efforts during the Growth Energy Biofuels Summit in September.