Poet, the largest corn ethanol producer in the United States, announced this week that it has cut the cost of cellulosic ethanol coming out of its Scotland, S.D., pilot plant by about 40 percent. Is cellulosic ethanol on its way to becoming commercially viable and cost competitive? During today's OnPoint, Jeff Broin, CEO of Poet, discusses his company's progress in the production process of cellulosic ethanol. He gives his take on his industry's ability to meet the short-term targets of the federal renewable fuel standard and discusses the viability of algae-based fuels.