POET LLC, the world's largest ethanol producer, said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage (CCS) pipeline.
POET had pledged in 2021 to make its biofuels 70% less emissions intensive than gasoline by 2030. But the Navigator partnership means participating plants will achieve 75% lower emissions, said President Jeff Lautt.The pipeline "would get more than half of our plants to that goal early," Lautt said.
The ethanol industry claims its fuel is already nearly 50% lower in emissions than gasoline. But recent research has suggested ethanol could actually emit more carbon than gasoline due to tilling land under to grow corn.Opponents along the path of the pipeline in the Midwest fear they could lose land under eminent domain law, and that their crop yields could suffer during construction. L1N2UB257
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