Poet PR

With new cellulosic ethanol joint venture, POET to decline DOE loan guarantee before drawing funds

Mon, 23 Jan 2012 18:54:01 GMT

In light of its joint venture with DSM, POET does not plan to utilize the loan guarantee it was awarded by the U.S. Department of Energy (DOE). POET received a commitment for a $105 million loan guarantee to finance Project LIBERTY on September 23, 2011. Upon the closing of the joint venture, POET will officially decline the guarantee prior to drawing any funds.

Joint venture to commercialize and license cellulosic bio-ethanol

Mon, 23 Jan 2012 17:08:27 GMT

POET, LLC, one of the world's largest ethanol producers, and Royal DSM, the global Life Sciences and Materials Sciences company, today announce a joint venture to commercially demonstrate and license cellulosic bio-ethanol, the next step in the development of biofuels, based on their proprietary and complementary technologies. POET–DSM Advanced Biofuels, LLC, is scheduled to start production in the second half of 2013 at one of the first commercial-scale cellulosic ethanol plants in the United States.

POET drops annual water use by 770 million gallons since 2009

Thu, 08 Dec 2011 16:21:03 GMT

POET is more than 75 percent of the way to achieving the water reduction goal the company set under the environmental initiative "Ingreenuity."

By year end, POET to produce enough corn oil for 12 million gallons per year of biodiesel

Thu, 01 Dec 2011 16:51:35 GMT

With its patent-pending technology expanding to a total of 6 plants, POET will produce corn oil as feedstock for 12 million gallons of biodiesel per year by the end of 2011.

POET targets additional 10% GHG reduction, 500 million pounds of biobased products

Thu, 17 Nov 2011 19:37:53 GMT

(November 17, 2011) – At the NASCAR Green Summit today, POET announced plans to decrease the greenhouse gas (GHG) intensity of ethanol production 10 percent this decade and produce 500 million pounds of biobased products by 2015. The goals are part of its sustainability initiative to enhance the environmental performance of ethanol, Ingreenuity.

Emmetsburg farmers complete 61,000 ton biomass harvest for cellulosic ethanol

Thu, 10 Nov 2011 15:44:44 GMT

As part of the 2011 harvest, farmers around Emmetsburg, Iowa have baled approximately 61,000 bone-dry tons of corn crop residue. The bales of corn cobs and light stover will be delivered to a biomass storage site in Emmetsburg, where POET's commercial cellulosic ethanol biorefinery will be completed in 2013.

DOE grants final approval on POET cellulosic ethanol loan guarantee

Fri, 23 Sep 2011 19:02:12 GMT

POET today received final approval for a $105 million loan guarantee issued through the U.S. Department of Energy's Loan programs Office. The loan guarantee and financing allows POET to construct Project LIBERTY, a 25 million-gallon-per-year cellulosic ethanol plant in Emmetsburg, Iowa.

POET selling certified antibiotic-free distillers grains

Tue, 30 Aug 2011 18:34:32 GMT

Following an adjustment in their production process, POET is now selling certified antibiotic-free dried distillers grains with solubles (DDGS).

POET and The Earth Partners form partnership to develop Conservation Biomass in the upper Midwest

Tue, 16 Aug 2011 18:16:02 GMT

POET to show how cellulosic ethanol technology can expand quickly after commercialization

Wed, 20 Jul 2011 14:34:37 GMT

Even as POET takes its first cellulosic ethanol plant to commercial scale, the company has its eyes on the bigger picture of what this new industry can mean for the United States and how POET will play a role in fulfilling that potential.

POET to outline sustainability efforts in cellulosic ethanol production

Thu, 14 Jul 2011 14:28:33 GMT

From biomass harvest to the final product, sustainability has to be top of mind when designing a commercial cellulosic ethanol plant.

POET receives offer for a conditional commitment for $105 million cellulosic ethanol loan guarantee

Thu, 07 Jul 2011 13:09:53 GMT

POET has received an offer for a conditional commitment for a $105 million U.S. Department of Energy loan guarantee to construct a cellulosic ethanol plant in Emmetsburg, Iowa that will produce 25 million-gallon-per-year from corn cobs, leaves, husks and some stalks.

POET to discuss cellulosic ethanol, NASCAR at Fuel Ethanol Workshop

Thu, 23 Jun 2011 13:55:18 GMT

In panel discussions next week POET will discuss the road to commercializing cellulosic ethanol and the marketing effort around ethanol's sponsorship of NASCAR at the annual Fuel Ethanol Workshop (FEW) in Indianapolis.

Data shows responsible biomass harvesting is part of good soil management

Wed, 01 Jun 2011 14:16:53 GMT

POET's contracted biomass removal rates with area farmers are conservative and consistent with good soil management, updated site data gathered by Iowa State University and USDA researchers indicate.

Biodiesel, ethanol industry leaders applaud USDA, EPA for supporting renewable fuels programs

Tue, 19 Apr 2011 19:24:30 GMT

Today Renewable Energy Group® officials hosted USDA Secretary Tom Vilsack and EPA Administrator Lisa Jackson as well as leaders from the ethanol industry at their REG Newton biorefinery to discuss the role of advanced biofuels in meeting the President's energy independence goals.

POET corn oil to supply up to 60 million gallons biodiesel production annually

Wed, 06 Apr 2011 15:14:00 GMT

Planned expansion of corn oil production to all of POET's ethanol plants will produce enough raw material for up to 60 million gallons of biodiesel.

Ethanol lowers gas prices, Broin tells Senate committee

Wed, 30 Mar 2011 15:54:00 GMT

POET wants to help alleviate high gas prices by drastically increasing ethanol supplies in large part through expansion in cellulosic ethanol, but the industry needs market access to make that happen, POET CEO Jeff Broin told the Senate Committee on Agriculture, Nutrition and Forestry today.

POET CEO Jeff Broin to testify at Senate hearing on high gasoline prices

Mon, 28 Mar 2011 20:26:00 GMT

POET CEO Jeff Broin will outline how ethanol lowers gas prices by providing competition to foreign oil and how that impact can be even greater with open access to the U.S. fuel market at a Senate committee hearing Wednesday in Washington, D.C.

POET CEO to join panel at Bloomberg New Energy Finance Summit

Thu, 24 Mar 2011 19:27:00 GMT

POET CEO Jeff Broin will discuss advancements in ethanol production and the industry's future at the Bloomberg New Energy Finance Summit 2011 next month in New York.

POET opens its 27th ethanol plant

Tue, 15 Mar 2011 17:26:00 GMT

POET today opened its 27th ethanol plant and fourth plant in Indiana, POET Biorefining -- Cloverdale, in a grand opening event that included ethanol industry and government leaders, area farmers, new team members and residents of Cloverdale, Ind. The event represents an important milestone: The new ethanol capacity helps Indiana's total ethanol production top 1 billion gallons, an important development goal set by state leaders.