POET confirms interest in 7 VeraSun Energy plants readying for auction; 600 Mgy up for grabs

In South Dakota, POET confirmed its interest in participating in an upcoming auction of seven ethanol plants by VeraSun Energy. The seven plants, representing 600 Mgy in capacity, were acquired by VeraSun at the time of its merger with US BioEnergy.

VeraSun revealed last December that it was in discussions with a major ethanol producer, but declined to name which one. Speculation had long since centered on POET, which is the largest privately-held ethanol producer with more than 1500 Mgy in capacity.

POET CEO Jeff Broin confirmed that his company was looking at all of the plants up for sale and keeping its options open.

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