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POET GM visits D.C.

Mon, Oct 11th, 2010
Posted in Business Announcements

As political candidates debate a range of subjects that could make or break their chances of earning a vote on election day, General Manager of POET Biorefining, Rich Eichstadt, traveled to Washington D.C. for the duration of September 13-15 to meet with over 90 other proponents of ethanol production -- a point of contention among some politicians.

In meetings with some of President Obama's staff at the White House, Eichstadt felt the administration was supportive of ethanol production.

In a meeting with Lisa Jackson, U.S. Environmental Protection Agency Administrator, Eichstadt listened to the EPA's stance on ethanol production, which was largely supportive.

In an exclusive interview with Rich Eichstadt, just days after his trip to D.C., he indicated that it was a good conference for the attendees coming from all over the United States.

In a report Eichstadt brought back from the meeting, he shared some interesting information assembled by Growth Energy (America's Ethanol Supporters).

While the majority of ethanol production comes from the Midwest due to the accessibility of corn, the U.S. is home to over one billion tons of available biomass that can be converted to 80 to 100 billion gallons of ethanol.

Additionally, the U.S. is second in ethanol production in the world right behind Canada.

Eichstadt was optimistic about the future of ethanol, and the report supported projections of increased corn yields and hopes of replacing more than 90 percent of our nation's gasoline usage.

For a full copy of the report, you can visit www.growthenergy.org, click on "Ethanol Resource Center" and then select "Informational Brochures."

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