Number one ethanol producer POET will idle production at three of its of 27 bioprocessing facilities across seven states, joining dozens of other plants forced into that position around the country. The South Dakota-based company will idle plants in Chancellor, S.D., Ashton, Iowa, and Coon Rapids, Iowa, and delay the start-up of its new plant in Shelbyville, Ind., as producers …
Project LIBERTY “Pauses” Cellulosic Biofuel Production
POET-DSM Advanced Biofuels is hitting the pause button on production of cellulosic biofuels at Project LIBERTY and shifting instead to “R&D focused on improving operational efficiency,” according to the company which is a joint venture of Royal DSM and POET, LLC. POET-DSM is blaming the shift on “EPA challenges with the implementation of the Renewable Fuel Standard (RFS).” “Over the …
Fallout from EPA Refinery Waivers Continues
President Trump reportedly held a meeting with his cabinet Monday concerned about backlash from farmers over new small refinery waivers, but an EPA official added fuel to the fire yesterday by saying there was “zero evidence” of demand destruction for ethanol due to the numerous refinery exemptions allowed by the Environmental Protection Agency. “To suggest that there is ‘zero evidence’ …
POET Ads Spotlight Farm Crisis
South Dakota-based ethanol producer POET, LLC, is launching a major advertising campaign directed at “leaders in the nation’s capital to confront the economic crisis in rural America and support crop-based products like ethanol to revitalize farm income.” “American farmers are no strangers to adversity,” said Kyle Gilley, POET Senior Vice President of External Affairs and Communications. “They confront every obstacle …
POET Moving Forward with New Indiana Biorefinery
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 …