POET held a groundbreaking ceremony Thursday for their third ethanol production facility in the Ohio. The site is located northeast of Fostoria.
POET Biorefining – Fostoria is planned as a 60 million gallon per year facility which will consume 21 million bushels of locally grown corn.
Mike Wagner, Executive Director of the Buckeye Renewable Fuels Association, said “We’ve been working for years to bring ethanol production to the Buckeye state because it’s going to be tremendous for our rural economy. With POET, we’re proud to have one of the leading ethanol producers in the U.S. breaking ground for its third plant in the state of Ohio. Fostoria has been an agricultural center for years and this ethanol plant will ensure that tradition continues for many years to come.”
POET is building a 60 million gallon per year facility near Leipsic which is expected to be completed early next year and ground was broken on a site near Marion in July.