POET Groton investors looking at potential merger with parent company

November 14, 2018 |

In South Dakota, investors of the POET ethanol plant in Groton are discussing whether to merge with the parent company in an effort to take advantage of economy of scale and the synergies that come with it, including additional access to capital to finance expansions. There are seven POET plants that have yet to merge with the parent company while 19 others already have, and those have facilitated expansion as well as the development of the new facility under construction in Indiana.

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Category: Producer News

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