POET will be reopening its bioprocessing facility in Cloverdale, Indiana, which was idled in 2019, now that federal and state policymakers have taken action to safeguard domestic markets for low-carbon biofuels. The facility will create 50 full-time local jobs and generate demand for 34 million bushels of corn from Indiana farmers annually. Restarting the Cloverdale facility will bring POET’s network …
POET Pledges Carbon Neutrality by 2050
Biofuel producer POET this week released its inaugural sustainability report and pledged to reduce its greenhouse gas (GHG) emissions by at least 70 percent compared to gasoline by 2030. POET established several environmental, social and governance (ESG) goals, including investing in the latest biotechnology, advancing operational efficiencies and promoting a sustainable society through both POET’s business ventures and its philanthropic …
POET Brings Second Purified Alcohol Facility Online
POET recently announced POET Bioprocessing – Alexandria began production of purified alcohol after breaking ground in late 2020. The facility will produce purified alcohol which will include grain neutral spirits (GNS) and USP-grade alcohol, the second POET purified alcohol production facility. POET Bioprocessing – Leipsic began production in March. Purified alcohol is a fundamental ingredient in thousands of well-known products …
POET Expansion to Provide for Sanitizer Production
POET Biorefining-Alexandria broke ground Thursday on an expansion to accommodate the production of purified alcohol, which is a plant-based, fundamental ingredient in hand sanitizer and other cleaning products. “At POET, our mission is to be good stewards of the Earth by converting renewable resources into bio-based alternatives to fossil fuel,” said Matt Braun, Senior Vice President and General Manager at …
POET Takes Two Plants Off Line
Number one ethanol producer POET will idle production at three of its of 27 bioprocessing facilities across seven states, joining dozens of other plants forced into that position around the country. The South Dakota-based company will idle plants in Chancellor, S.D., Ashton, Iowa, and Coon Rapids, Iowa, and delay the start-up of its new plant in Shelbyville, Ind., as producers …
Project LIBERTY “Pauses” Cellulosic Biofuel Production
POET-DSM Advanced Biofuels is hitting the pause button on production of cellulosic biofuels at Project LIBERTY and shifting instead to “R&D focused on improving operational efficiency,” according to the company which is a joint venture of Royal DSM and POET, LLC. POET-DSM is blaming the shift on “EPA challenges with the implementation of the Renewable Fuel Standard (RFS).” “Over the …
Fallout from EPA Refinery Waivers Continues
President Trump reportedly held a meeting with his cabinet Monday concerned about backlash from farmers over new small refinery waivers, but an EPA official added fuel to the fire yesterday by saying there was “zero evidence” of demand destruction for ethanol due to the numerous refinery exemptions allowed by the Environmental Protection Agency. “To suggest that there is ‘zero evidence’ …
POET Ads Spotlight Farm Crisis
South Dakota-based ethanol producer POET, LLC, is launching a major advertising campaign directed at “leaders in the nation’s capital to confront the economic crisis in rural America and support crop-based products like ethanol to revitalize farm income.” “American farmers are no strangers to adversity,” said Kyle Gilley, POET Senior Vice President of External Affairs and Communications. “They confront every obstacle …
POET Moving Forward with New Indiana Biorefinery
President Donald Trump’s decision to move forward with allowing year round sales of E15 is already spurring investment. POET has announced it is moving forward with full construction of a new 80 million-gallon-per-year biofuel facility in Shelbyville, Indiana, with an expected completion date for the nearly $160 million facility of spring 2020. “This is the right project in the right …
Concerns Raised About E15 Rulemaking Delay
Ethanol interests have been raising concerns this week about the Environmental Protection Agency delaying the start of the rulemaking process for year-round E15 until February 2019, which would make the timeline for getting it approved before next summer very tight. “EPA ought to speed it up, or otherwise it’s going to look like the president wasn’t serious about his announcement,” …