POET-DSM Chairman of the Board Responds to EPA’s Announcement on RVOs

SIOUX FALLS, SD - POET-DSM Chairman of the Board issued the following statement regarding the Environmental Protection Agency’s (EPA) announcement to finalize the 2013 percentage standards for cellulosic ethanol as part of the Renewable Fuel Standard (RFS) program established by Congress.

“POET-DSM Advanced Biofuels is making great progress in producing cellulosic ethanol in a commercial scale as Project LIBERTY construction is going very well. We look forward to bringing renewable fuels produced with cellulosic feedstocks in 2014,” said James Moe, POET-DSM Chairman of the Board. “Per its statutory authority, we know EPA is putting forth its best effort to estimate actual production levels each year.”

About POET-DSM Advanced Biofuels, LLC

POET-DSM Advanced Biofuels, LLC, is a 50/50 joint venture between Royal DSM and POET, LLC. Based in Sioux Falls, South Dakota, the company is a cooperative effort of two innovators that provides a key to unlocking the opportunity of converting corn crop residue into cellulosic bio-ethanol. Built on the strengths of both companies, the joint venture has a critical mission: to make cellulosic bio-ethanol competitive with corn bio-ethanol, the most competitive renewable liquid transportation fuel on the US market today. Drawing on the deep expertise and experience of POET and DSM in different areas of converting cellulosic biomass into bio-ethanol, POET-DSM Advanced Biofuels will have its first commercial-scale plant co-located with POET Biorefining – Emmetsburg in Emmetsburg, Iowa. Based on this plant, the JV plans to globally license an integrated technology package for the conversion of corn crop residue to cellulosic bio-ethanol. More information: www.poetdsm.com