In testimony before the Senate Committee on Agriculture, Nutrition and Forestry today, POET CEO Jeff Broin cited research data that purportedly showed how ethanol keeps retail gasoline prices about 17 cents per gallon lower, saving drivers more than $100 per year. Broin encouraged the committee to consider ethanol tax credit reform that would redirect funds to build out ethanol blender pump infrastructure. He also called for a Flex Fuel Vehicles mandate and loan guarantees for dedicated ethanol pipelines. POET is an ethanol producer based in South Dakota with 27 plants nationwide. Read more...
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