Right after POET™ opens it’s 20th ethanol production facility this Friday in Iowa, the company will be preparing to break ground on yet another plant, this one in Ohio.
On May 16, POET will hold a groundbreaking ceremony for POET Biorefining – Marion, located in north central Ohio about 50 miles north of Columbus. When complete, the plant will produce 65 million gallons of ethanol a year from 21 million bushels of corn.
POET has built 25 ethanol production facilities since it was founded 20 years ago and has eight more under construction or in development. POET currently manages 19 ethanol production facilities and is holding a grand opening celebration for its twentieth in Corning, Iowa May 4. With Corning, the total annual production capacity for those 20 facilities is more than 1 billion gallons of ethanol.