POET Breaks Ground on Ethanol Production Facility in Ohio

POET held a groundbreaking ceremony for its second of three ethanol production facilities in Ohio near Marion. Once construction is complete — along with three other projects slated to start construction this year — POET will have built 33 plants and have 27 under management.

POET Biorefining – Marion, a $130 million production facility, will be located on 284 acres approximately 1.5 miles northwest of Marion, 50 miles north of Columbus. It will annually produce 65 million gallons of ethanol and 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Products(TM) from 21 million bushels of locally grown corn. Ethanol marketing for the facility is provided by POET Ethanol Products and byproducts are marketed by POET Nutrition. The facility will use rail service from CSX. “As home to the Ohio Corn Growers, the Buckeye Renewable Fuels Association and the Ohio Corn Marketing Program, Marion knows better than most the benefits of the ethanol industry,” said Jeff Broin, CEO of POET. Mike Wagner, executive director of the Buckeye Renewable Fuels Association and past executive director of the Ohio Corn Growers, said, “It’s been a goal of the Corn Growers for several years to develop an ethanol industry in Ohio and POET Biorefining – Marion will serve as a cornerstone for that development in the state.” Ohio Director of Agriculture Robert Boggs, who also spoke at the event, said, “We continue to move forward with biofuel-driven initiatives and POET Biorefining – Marion puts us one step closer to the next generation of agriculture-based energies. Ohio is paving the path to a green-energy future that will create jobs, support Ohio farmers, protect our environment, and reduce the nation’s dependency on foreign oil.”

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