President Joe Biden visited the POET Bioprocessing facility in Menlo, Iowa Tuesday to formally announce an emergency waiver to allow 15% ethanol blended gasoline (E15) to be sold this summer.

President Biden said adding ethanol to our gasoline reduces our reliance on foreign oil and gives consumers a choice at the pump. “When you have a choice, you have competition, when you have competition you have better prices,” said Biden, who stressed that biofuels have a significant role in reducing carbon emissions within 30 years. “You simply can’t get to net zero by 2050 without biofuels.”

President Biden was introduced by Rep. Cindy Axne (D-IA) and POET grain merchandiser Rachel Conner.