Biofuel producer POET this week released its inaugural sustainability report and pledged to reduce its greenhouse gas (GHG) emissions by at least 70 percent compared to gasoline by 2030.

POET established several environmental, social and governance (ESG) goals, including investing in the latest biotechnology, advancing operational efficiencies and promoting a sustainable society through both POET’s business ventures and its philanthropic endeavors. According to a recent study, today’s bioethanol reduces carbon emissions by 46 percent compared to gasoline.

In July, members of the Renewable Fuels Association (RFA) made a commitment to ensuring ethanol achieves a net-zero carbon footprint, on average, by 2050 or sooner.

In a letter to President Biden, RFA’s board of directors wrote that today’s grain-based ethanol is already a low-carbon fuel that is helping to clean up our nation’s transportation fuels. But with smart policy measures, ethanol can do even more. It can serve as an affordable zero-emissions fuel for light-duty cars and trucks, while also helping to decarbonize medium- and heavy-duty vehicles, aviation, marine, and stationary power generation.”

To support the achievement of its goals, RFA encouraged the administration to move forward with several key policy initiatives: development of a national Clean Fuel Standard, support for carbon capture, utilization and sequestration (CCUS) technologies, and deployment of more flex-fuel vehicles.