POET to open 65 Mgy corn ethanol plant in Leipsic, Ohio today

In Ohio, POET will open its 65 Mgy corn ethanol plant in Leipsic today. The $105 million project is Ohio’s first ethanol plant and is located in the Iron Highway Industrial Park which is served by multiple rail freight companies.

POET has been in the news frequently in recent months after quietly passing Archer Daniels Midland to become the largest US ethanol producer. Last month, POET and Mueller Pallets of Tea announced a deal under which Mueller Pallets will bring 54 to 125 thousand tons of wood waste to the Chancellor facility. POET will add a solid waste fuel boiler to produce more than 50 percent of the plant’s power needs.

In September, Poet announced plans to expand its plant in Emmetsburg, IA, to produce cellulosic ethanol.

Poet recently received an $80 million grant from the US Department of Energy in support of cellulosic ethanol demonstration plant development. Poet will produce cellulosic ethanol at its 50 Mgy Emmetsburg plant, which will be expanded to a total production of 94 million gallons per year (Mgy) of corn ethanol and 31 Mgy of cellulosic ethanol.

Last week, POET CEO Jeff Broin was awarded a Bronze Medal in Biofuels Achievement for 2007 by the Biofuels Digest Editorial Board, joining industry and political figures such as Vinod Khosla and President George W. Bush as Bronze Medal winners.

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