POET in the News: Ethanol Versus Oil in Global Crisis Biofuels Backers, POET Executive Point to Advantages Ethanol Offers in Conflict, Climate

by Chris Clayton (DTN Progressive Farmer)

With oil reaching its highest price in nearly 11 years and OPEC nations opting not to increase production, the biofuels industry is clamoring for attention in the U.S. and calling on the Biden administration to support it.

At the National Farmers Union annual meeting this week in Denver, an executive for the world’s largest ethanol producer, POET, highlighted biofuels as an immediate solution for both climate change and helping U.S. consumers avoid price shocks stemming from conflicts such as the war in Ukraine.

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