Tag: POET

POET still moving forward with Shelbyville despite production cutbacks

POET still moving forward with Shelbyville despite production cutbacks

September 5, 2019 |

In Indiana, POET has confirmed to local officials in Shelbyville that despite the company having to idle production across its different facilities due to ongoing market challenges, the Shelbyville biorefinery is still set to open in March 2020 as planned. The new facility will be the most efficient of the company’s 29 ethanol plants thanks […]

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POET idles production at Cloverdale, IN plant on back of EPA’s hardship waiver decisions

POET idles production at Cloverdale, IN plant on back of EPA’s hardship waiver decisions

August 20, 2019 |

In Indiana, POET announced it will idle production at its bioprocessing facility in Cloverdale, IN due to recent decisions by the Administration regarding SREs. The process to idle the plant will take several weeks, after which the plant will cease processing of over 30 million bushels of corn annually and hundreds of local jobs will […]

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POET plans to shift corn supplies between deficit and surplus regions during tight season

POET plans to shift corn supplies between deficit and surplus regions during tight season

June 27, 2019 |

In Iowa, POET told local press that it has a strategy in place to battle the likely shortfall of corn in Iowa and Indiana this season by shifting corn supplies among its 27 facilities across the Midwest where corn has been 100% or nearly 100% planted on schedule. The company also highlighted that though this […]

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POET settles with former employee who took its technology to another company

POET settles with former employee who took its technology to another company

June 25, 2019 |

In South Dakota, the Argus Leader newspaper reports that POET settled its two-year lawsuit with a former employee who joined an engineering firm and then allegedly helped that company develop Hydrolysis Utilization technology it claims is very similar to the Delayed Dilution Technology he had developed for Poet. In the end, the suit was dropped […]

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POET secured 100% tax abatement for a decade as part of Indiana deal

POET secured 100% tax abatement for a decade as part of Indiana deal

May 21, 2019 |

In Indiana, local press reports that POET has scored a 100% tax abatement for its planned Shelbyville plant for ten years and then will pay just $2.5 million a year after that as part of the agreement that sealed the deal for citing the facility in the town rather than another location in Ohio that […]

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POET launches ad campaign to draw attention to the ongoing farm crisis

POET launches ad campaign to draw attention to the ongoing farm crisis

May 9, 2019 |

In South Dakota, AgWired reports that POET is investing in a new advertising campaign that it hopes will help bring the effects of the ongoing farm crisis resulting from the trade war between the US and China straight to policymakers. It says that Commerce Department data shows farm income fell by around a quarter between […]

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Arbitrators award POET $7.5 million in dispute against Andritz over pre-treatment design

Arbitrators award POET $7.5 million in dispute against Andritz over pre-treatment design

April 4, 2019 |

In South Dakota, the Argus Leader newspaper reports that an arbitration panel has unanimously agreed that Andritz should pay POET $7.5 million for failing to design a pre-treatment system for its Project Liberty facility in Emmetsburg, Iowa that would economically prepare feedstock such as corn cobs for feedstock in cellulosic ethanol production at scale. POET […]

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POET signs on for another decade of landfill gas for Chandler plant

POET signs on for another decade of landfill gas for Chandler plant

February 26, 2019 |

In South Dakota, POET has signed on for another 10 years of using methane extracted from the Sioux Falls landfill for use at its Chandler ethanol plant. During the past decade, by using 5.7 million BBTUs worth of methane from the landfill instead of natural gas, the company has saved 200,000 metric tons of CO2 […]

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POET launches corn-oil-based asphalt alternative

POET launches corn-oil-based asphalt alternative

January 30, 2019 |

In South Dakota, POET has entered the asphalt market with its newest green alternative to fossil-fuel products. POET’s “JIVE” is a proprietary corn-oil-based product now being used by construction companies across the US to modify or rejuvenate asphalt in roads. “This is the latest example of POET developing new technology to move our world toward […]

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POET wants CME to change ethanol swap contract after ADM allegedly pushes down prices

POET wants CME to change ethanol swap contract after ADM allegedly pushes down prices

December 18, 2018 |

In Washington, Reuters reports that POET is leading the charge to get the Chicago Mercantile Exchange to adjust its ethanol swap contract that is based on the Platts price, saying that ADM is using the benchmark contract to push down prices and squeeze other players out of the market. Some allege that the Platts price, […]

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