According to Mr. Ethanol, Jeff Broin, CEO, POET we’re about to hear of a new organization that will help open new markets for the renewable fuel.
When I spoke to Jeff at last week’s Project LIBERTY field day he said that an issue that presents a challenge to the ethanol industry is the regulatory cap which limits ethanol to 10 percent of the fuel supply – and the industry is bumping up on it now. He says they need access to more markets. For that reason a new ethanol organization is being formed. “We actually are just in the process of working with many other ethanol producers and several ag companies to create a new organization that’s going to drive that agenda forward.” He says we’ll hear more about it shortly.
I also asked him what he thinks about the results of our Presidential election. He says, “President-Elect Obama, is going to be I think very, very strong for ethanol.” In fact, Jeff says that POET had one of Obama’s top advisors on energy at their grand opening in Ohio just a couple weeks ago and she stated that he would like to see the RFS increase to 60 billion gallons which Jeff says, “is a great thing for farmers, it’s a great thing for agriculture, it’s a great thing for ethanol.”
You can listen to my interview with Jeff here: poet-liberty-08-broin-2.mp3
You can also download the interview with this link (mp3).