Tag: POET

POET Biorefining to decide on Marion expansion by month’s end

POET Biorefining to decide on Marion expansion by month’s end

March 23, 2017 |

In South Dakota, POET Biorefining is looking to invest up to $130 million to expand one of its existing 27 corn-based ethanol plants, with the Marion facility confirmed as being on the short list. The decision expected to be made by the end of this month would see production double, in the case of Marion […]

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POET’s two cases against California’s LCFS could result in suspension or major changes

POET’s two cases against California’s LCFS could result in suspension or major changes

March 9, 2017 |

In California, two court cases brought by POET against the state’s Low Carbon Fuel Standard have the potential to significantly change policy by either suspending the LCFS or by eliminating diesel from the law’s deficit and credit mechanism. The cases come in response to cases the company won against the LCFS in appellate court in […]

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POET suing ex-employee and Nelson Engineering for selling proprietary tech

POET suing ex-employee and Nelson Engineering for selling proprietary tech

March 7, 2017 |

In South Dakota, a former POET employee and Nelson Engineering have been sued in federal court by POET who claims the ex-employee broke a confidentiality agreement when he passed on the company’s proprietary fermentation technology with Nelson. What’s more, POET says that Nelson has been on-selling the technology received illegally to others in the industry. […]

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POET’s Chancellor plant hits billion gallon mark

POET’s Chancellor plant hits billion gallon mark

February 12, 2017 |

In South Dakota, POET’s biorefining facility in Chancellor, South Dakota reached a production milestone of 1 billion gallons of high-quality ethanol in 2016, placing it at the vanguard of a rapidly-growing biofuels sector in the United States. The facility was also the first POET plant to hit 500 million gallons, a benchmark achieved in 2011. […]

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Six POET biorefineries to install CHP systems

Six POET biorefineries to install CHP systems

October 11, 2016 |

In South Dakota, Six POET biorefineries in Ohio and Indiana are installing a new energy generation system using combined heat and power. These systems will reduce reliance on the electrical energy grid, recover waste energy for additional use in the plant and reduce greenhouse gas emissions. The system will use steam in a turbine to generate […]

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POET sure both Clinton and Trump support biofuels

POET sure both Clinton and Trump support biofuels

September 22, 2016 |

In Washington, POET says both Hillary Clinton and Donald Trump know the value of ethanol and biofuel as the company has worked hard with both of them to understand the benefits. Despite Trump’s snafu last week with a fact sheet outlining the malfunctioning of RINs and the RFS and Clinton’s alleged fascination with California’s Low […]

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POET et al South Dakota’s largest political contributors this cycle so far

POET et al South Dakota’s largest political contributors this cycle so far

August 29, 2016 |

In South Dakota, POET and its employees are the largest political contributor from the state during this election cycle, passing more than half a million dollars in contributions two months ahead of the election, more than it spend during the entire 2012 election cycle of $501,583. Only contributions of over $200 are counted in the […]

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POET’s CEO says boost in global ethanol consumption needed to avoid agri crisis

POET’s CEO says boost in global ethanol consumption needed to avoid agri crisis

June 22, 2016 |

In Wisconsin, POET’s CEO says a boost in ethanol consumption around the world is necessary to avoid a global agricultural crisis. Earlier this year, stagnant demand for ethanol led to higher production costs that translated to thin or negative margins for producers. Ensuring that demand increases over time will help to stabilize grain prices overall, […]

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POET expanding its cover crop research as part of Project LIBERTY sustainability work

POET expanding its cover crop research as part of Project LIBERTY sustainability work

June 22, 2016 |

In South Dakota, POET is expanding its cover crop research as part of soil sustainability work in Emmetsburg, Iowa for cellulosic ethanol development. The work is part of an ongoing commitment to helping farmers make sound management decisions around harvesting crop residue for cellulosic ethanol. To ensure proper land management, Iowa State University and USDA […]

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Wichita City Council approves $7 million in industrial revenue bonds for POET’s Ethanol Product

Wichita City Council approves $7 million in industrial revenue bonds for POET’s Ethanol Product

May 4, 2016 |

In Kansas, the Wichita City Council has approved $7 million in industrial revenue bonds towards POET’s Ethanol Product’s planned $8 million investment in a new 26,000 square feet building. The bond will help the company to secure lower interest rates on the proposed project that will be co-located with its current Wichita headquarters. The company […]

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