POET Biorefining – Portland today applauded passage of a city resolution urging Indiana lawmakers to protect the Renewable Fuel Standard (RFS). The RFS ensures that Indiana farmers and biofuel producers can continue to compete against fossil fuel companies that seek to monopolize consumer options at the fuel pump.
“We’re very grateful to Mayor Randy Geesaman and all the members of the city council for their strong show of support for Indiana farmers and biofuel producers,” said Matt Tomano, General Manager at POET Biorefining – Portland. “The RFS is under attack, but these attempts to undermine the law would decimate America’s growing biofuels industry and dismantle a critical market for Hoosier crops. This resolution casts a much-needed spotlight on the valuable contributions that Indiana ethanol producers make in creating rural jobs and providing consumers cleaner, more affordable options at the fuel pump.”
The city resolution was approved unanimously by the Portland City Council. It outlines the economic and security benefits of the RFS, as well as the importance of ethanol, which reduces carbon emissions by 43 percent. It also “encourages our leaders in Washington, Senator Todd Young, Senator Joe Donnelly, and Congressman Jim Banks to support Indiana farmers and rural communities and promise to strengthen the RFS and markets for biofuels like ethanol.”
POET Biorefining – Portland began operations September 18, 2007. The state-of-the art biofuel production facility consumes approximately 25 million bushels of locally-grown corn to produce 68 million gallons of biofuels annually. Employing approximately 40 people, the facility enhances the local economy with improved corn prices, value-added markets for farmers, good-paying jobs, and increased local tax revenue.