Biofuels producer POET recently finalized its acquisition of Green Plains Obion in Tennessee, which will now be known as POET Bioprocessing – Obion, making it the company’s 35th bioprocessing facility in now nine states, and bringing its annual production capacity to 3.1 billion gallons of bioethanol.
POET also produces 15 billion pounds of high-protein feed ingredients, 1 billion pounds of corn oil used for renewable diesel, and 800,000 tons of bioCO2 used in food, beverage, and industrial applications.
The Obion facility was commissioned in 2008. It has an annual production capacity of 120 million gallons of bioethanol and sits on 230 acres, with ample corn storage and rail infrastructure.
“This acquisition strengthens our ability to serve southeastern markets and expands opportunities for farmers and rural communities across the region,” said POET Founder and CEO Jeff Broin. “With this new addition, we reaffirm our commitment to providing high-quality, American-made biofuels and bioproducts that create strong markets for farmers, fortify rural economies, and ensure a more secure energy future for our nation.”