To the editor:
As general manager of POET Biorefining - Gowrie Iowa I wanted to take this opportunity to thank the entire community of Fort Dodge for your continued support of biofuels and the Renewable Fuel Standard.
We employ 44 team members, purchased more than $154 million in locally grown corn in 2013, and we take an enormous amount of pride in being your neighbors and make it a priority to be a part of this community.
This past November, the EPA released a proposed reduction in the renewable volume obligation (RVO) numbers for 2014. These volumes represent the amount of renewable fuel blended into the nation's fuel supply under the Renewable Fuel Standard. A reduction in volume, as proposed, would strand billions of dollars of private investment, increase gas prices and would destabilize rural economics across the country.
The EPA opened this proposed rule up for public comments to allow stakeholders, business owners and members of the agriculture community to express their concern. Many of you chose to get involved and sent emails to the EPA, mailed in postcards and even submitted hand-written letters. As of the date of this letter, there have been over 214,000 comments recorded.
We're expecting a decision on the final rule this summer. Although it's difficult to get the EPA to modify a proposed rule, we are hopeful they will increase the RVOs due to the comments you submitted. Thank you again for your participation and for helping us defend biofuels.