POET became the largest producer of ethanol in Ohio this week with the grand opening ceremony for their second ethanol production facility in Fostoria. POET Biorefining – Fostoria is POET’s 25th ethanol plant.
Joining CEO Jeff Broin for the ribbon-cutting were Mike Wagner, Executive Director of the Buckeye Renewable Fuels Association; Robert Boggs, Director of the Ohio Department of Agriculture; Congressman Bob Latta and Ryan Hunter-Reay, driver of the #17 Ethanol IndyCar, Rahal Letterman Racing.
“It is always an exciting day when we can open another facility such as this that helps expand the ethanol industry,” said Ryan Hunter-Reay. “The industry has made great strides in the last few years and I am proud to be associated with it.”
On October 24, POET will open a third plant in Ohio, POET Biorefining – Marion. Once the Marion facility is operational, POET’s annual production capacity will be 1.54 billion gallons at 26 facilities. The company is already the world’s largest ethanol producer.