Nearly all of POET’s ethanol plants have now producing corn oil: 25 of their 27 plants have installed corn oil technology bringing its total capacity to approximately 250,000 tons per year, enough feedstock to produce 68 million gallons of biodiesel annually. Branded Voilà, POET has been selling the corn oil since January 2011 with its ethanol plant in Hudson, South Dakota the first.
“Having a more diverse portfolio of products has been a benefit for POET, particularly when ethanol margins are challenging,” said POET CEO Jeff Lautt. “Expanding our product line is an important part of our strategy for growth.”
According to Lautt, one of POET’s four four Ingreenuity goals is to increase production of bio-based products, and corn oil is playing an important role in reaching that goal.
“There’s a bio-based solution to so much of what petroleum supplies today. It’s exciting for me to see POET playing a large part in providing those solutions,” added Lautt.