President Donald Trump’s decision to move forward with allowing year round sales of E15 is already spurring investment. POET has announced it is moving forward with full construction of a new 80 million-gallon-per-year biofuel facility in Shelbyville, Indiana, with an expected completion date for the nearly $160 million facility of spring 2020. “This is the right project in the right …
Concerns Raised About E15 Rulemaking Delay
Ethanol interests have been raising concerns this week about the Environmental Protection Agency delaying the start of the rulemaking process for year-round E15 until February 2019, which would make the timeline for getting it approved before next summer very tight. “EPA ought to speed it up, or otherwise it’s going to look like the president wasn’t serious about his announcement,” …
POET Founder to Receive BIO Award
POET founder, chairman and CEO Jeff Broin will receive the 10th annual George Washington Carver Award for Innovation in Industrial Biotechnology at the 2017 BIO World Congress on Industrial Biotechnology July 23-26, 2017 at the Palais des congrès de Montréal in Montréal, Québec, Canada. “Jeff Broin is one of the great innovators and entrepreneurs in the industrial biotechnology sector,” said …
POET to Add Combined Heat & Power to #Ethanol Plants
POET is adding new combined heat and power energy generation systems to six of its biorefineries located in Ohio and Indiana. The new systems, that will reduce greenhouse gas emissions and improve ethanol’s environmental footprint, will reduce the ethanol plants’ reliance on electrical energy grid as well as recover waste energy to be used in the plants. The system will …
POET Shows Economic Impact of Its Ethanol
Ethanol made by POET is big in U.S. economic growth, cutting dependence on foreign oil, and reducing greenhouse gases. The South Dakota-based ethanol maker has released its first-ever economic impact study that shows the company made significant contributions, including: – Generating a total of $13.5 billion in sales for U.S. businesses; – Adding $5.4 billion in national gross domestic product; …
Abe Hughes Joins POET
Congratulations to our good friend Abe Hughes for his new career opportunity with POET. I just spoke with Abe by phone to find out more about what he’s doing now as POET Senior Vice President of Business Development. From the release: In this role, Hughes will help guide POET’s strategies for continued growth, whether through independent initiatives or partnerships, both …
New President for POET-DSM Joint Venture
POET-DSM Advanced Biofuels has announced that Dan Cummings will serve as first president for the joint venture. “Dan has more than 25 years of experience in the energy sector, and we’re excited to have him leveraging that knowledge to grow cellulosic ethanol production for the world,” said Jeff Lautt, Chairman of the POET-DSM Board. “We look forward to Dan taking …
POET Fights Pollution in Haiti with Ethanol Stoves
An American ethanol company is fighting fighting pollution and deforestation in Haiti with ethanol-fueled cook stoves. This news release from POET says the company has partnered with with Project Gaia to replace wood-burning stoves with the clean-burning, ethanol-fueled ones. Today, most Haitians rely on charcoal and firewood to cook their daily meals. Consequentially, the nation has experienced extreme deforestation over …
POET-DSM Commends Partners in Cellulosic Ethanol Venture
POET-DSM is commending its partners in a cellulosic ethanol venture. This company news release says POET is praising Suomen Bioetanoli Oy and the government of Finland after the Finnish government announced a 30 million euros grant to Suomen Bioetanoli Oy to build a plant that will convert wheat straw into about 24 million gallons of ethanol annually. “Suomen Bioetanoli Oy …
Dueling RFS Ads Have Same Tune
President Obama needs to overrule this misguided proposal from the EPA before it is too late and these new technologies move overseas. The fate of America’s advanced biofuel industry, along with the President’s clean energy legacy, are resting on his decision. Fuels America USA Today print ad “Tell President Obama, stop playing politics – fix the RFS.” American Petroleum Institute …