The world’s largest ethanol producer could be getting even bigger soon.
Speculation is that POET is behind a potential buyout of VeraSun Energy Corporation, which filed Chapter 11 less than a month ago. VeraSun announced this week that it received a “non-binding unsolicited indication of interest with respect to the purchase of substantially all of its assets.”
Both POET and VeraSun are citing confidentiality considerations for not naming names, but POET CEO Jeff Broin said in a statement that they are “in serious discussions with a couple of ethanol producers regarding possible acquisitions.”
“POET remains profitable despite the current economic challenges facing the ethanol industry thanks to careful risk management and proprietary technology that makes our process for producing ethanol extremely efficient,” said Broin. “These potential acquisitions have met our initial criteria, and we will continue discussions to determine whether the plants are the right fit for our company.”


Some University of Kansas* engineering students are working on a car they hope will get 500 miles per gallon… and ethanol and biodiesel look to figure in as some of the fuels it would run on.
“That’s the fun. By the time we’re done, it’s going to be totally different, and it’s going to be great,” says Lou McKown, a University of Kansas senior in mechanical engineering.The EcoHawks hard at work on a 1974 Volkswagen Super Beetle
“Support for biodiesel production is not only an economic development issue but also an environmental issue,” Governor Rell said. “By creating more opportunities for renewable energy sources we can assist individual businesses, reduce energy costs, improve air quality and reduce our dependence on foreign sources of oil. Programs such as this are a key component of my agenda to make Connecticut a leader in sustainability.”
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“The mission of EPIC’s formation— growing ethanol awareness through public relations, marketing and promotions — will continue as a core platform of Growth Energy’s initiatives,” said Nuernberg in a statement. EPIC’s programs and staff will be transitioning into Growth Energy over the next few months.
The project, from developers Horizon Wind Energy of Houston, would be along U.S. 97 northwest of Ellensburg. Turbines would sit on ridge tops in the blustery Kittitas Valley, on private and state land.
The State of Minnesota is offering $300,000 in grants to help its biodiesel industry.
The National Biodiesel Board, the foremost advocate for the biodiesel industry in the U.S., has brought together some of the nation’s leaders to work on sustainable solutions for this country’s energy challenges.
“As America searches for solutions to our energy challenges, U.S. biodiesel is delivering with a cleaner and sustainable renewable fuel source,” said Emily Landsburg, Chair of the NBB’s Sustainability Task Force. “Biodiesel is already helping the nation make important strides toward energy independence and we will continue to explore new and promising practices.”