With the grand opening of POET Biorefining – Corning in Iowa on Friday, POET became only the second company to claim an annual ethanol production capacity of over one billion gallons. Jeff Broin, CEO of POET, said, “We’ve come a long way since we started with a one million gallon facility 20 years ago, but what really motivates us is …
Bobby Rahal Speech at National Press Club
I think Bobby Rahal was a big hit today at the National Press Club. There were a lot of other people from the ethanol industry on the head table but none of them got to speak or answer questions. Everyone was just excited to listen to this great competitor. Near the end of the hour session we did get to …
Green Racing By Bobby Rahal
For the first time ever an Indianapolis 500 winner spoke at the National Press Club today. Bobby Rahal was the featured speaker at today’s luncheon with the press. His topic was the “The Greening of Racing: Ethanol Powers the Indianapolis 500.″ He was a winner again today as he spoke and answered questions for about an hour in front of …
Another POET Plant
POET has announced plans for another new ethanol plant. The company has selected a site near North Manchester for it’s third ethanol production facility in the state of Indiana. Jeff Broin, President & CEO of POET, said, “North Manchester is in the heart of Indiana’s Corn Belt and provides an excellent location for an ethanol plant. We are honored that …
Committee Passes Energy Bill
The Senate Energy and Natural Resources Committee has approved energy legislation that calls for 36 billion gallons of renewable fuels use by 2022. The bill also provides the necessary incentives to spur the development of commercial-scale cellulosic ethanol production. The bill received bi-partisan support in the committee, with eight Republicans and 12 Democrats voting in favor of passage. Three Republicans …
Ethanol Helps Rural America
The U.S. House of Representatives Committee on Small Business held a hearing Thursday on the impact of renewable energy production on rural America. Among those who testified was Renewable Fuels Association president Bob Dinneen, who told the committee that ethanol production is providing a dramatic economic stimulus in rural America. “The production of ethanol has sparked new capital investment and …
Press Meets Greening of Racing
“The Greening of Racing: Ethanol Powers the Indianapolis 500″ will be the topic at the National Press Club on Friday when racing legend Bobby Rahal and Tony George, CEO and founder of the Indy Racing League, will be the featured guests at the distinguished luncheon speaker series. The IndyCar® Series — a racing series that features one of the premier …
POET Groundbreaking in Ohio
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 …
Houston Port in Gulf Ethanol Plans
Gulf Ethanol plans to build a facility for ethanol production and blending near the Port of Houston. According to the company, the site is being evaluated to accommodate a production facility of 30 million gallons per year of ethanol. Continued engineering studies will be required to determine construction costs and permitting as well as the time line for implementation. Gulf …
More DOE Funds for Biofuels
The U.S. Department of Energy (DOE) will provide up to $200 million, over five years to support the development of small-scale cellulosic biorefineries in the United States. According to a DOE announcement, the funding will be for projects to develop biorefineries at ten percent of commercial scale that produce liquid transportation fuels such as ethanol, as well as bio-based chemicals …