All Entries Tagged With: "POET"
Biofuels PROFITS Principles: Steering the Company
By Biofuels Digest columnist Dr. Rosalie Lober
A great vision, mission, strategy, technology and product are essential….but not enough. Unless you have the right people who are able and willing to make it all happen, success will be out of your grasp.
We continue to apply the seven PROFITS Principles as a guide for how operate and [...]
POET says it is hunting for acquisitions amongst distressed ethanol plants
In South Dakota, POET told the Reuters Global Energy Summit that it is on the hunt for acquisitions among distressed ethanol plants, although it was not able to confirm specific properties of closing timetables.
CEO Jeff Broin said that the company’s portfolio of production techniques could turn cerytain properties from money-losers to profitability.
The company has deployed [...]
POET finalizes $14.75 million grant from Iowa Power Fund for 25 Mgy cellulosic ethanol plant
In Iowa, POET CEO Jeff Broin said that the Iowa Power Fund Board has approved a $14.75 million contract with POET for development of the $200 million, 25 Mgy Project Liberty cellulosic ethanol plant in Emmetsburg, Iowa.
Late last year, POET and the Iowa Power Fund Board agreed to terms surrounding the project, and final approval [...]
Crescent Oil files Chapter 11, plan to add renewable fuel at 340 locations will change scope, timing
In Kansas, Crescent Oil has filed for bankruptcy less than a month after announcing that it would open up to 340 renewable fuel locations throughout the Midwest through its NewGen Fuel venture with POET and ICM. NewGen said that the goal of adding renewable fuels at hundreds of Crescent station locations remains intact, but that [...]
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 [...]
Special Report on Cellulosic Ethanol: POET pursues integration while, ZeaChem pursues yield as the race for CE commercialization heats up
In the US, POET’s cellulosic ethanol vision is integrated: cellulosic plants that use corn cobs that are waste material from cultivation of POET’s primary feedstock, corn.
POET’s $8 million pilot-scale plant is in Scotland, SD, producing 55 gallons per day, or 20,000 gallons per year. The company’s $200 million commercial-scale Project Liberty plant will open in [...]
POET launches commences production at pilot cellulosic ethanol plant; revolutionary model integrates first-gen, advanced biofuels refining
In South Dakota, POET commenced production of cellulosic ethanol from corn cobs at its pilot scale plant in the town of Scotland. Company executives confirmed that the $8 million pilot plant is producing at a rate of 55 gallons per day, or 20,000 per year.
The pilot scale plant is POET’s final development milestone before the [...]
Sapphire Energy adds BP Global Refining head as President
In California, BP’s Group VP for Global Refining, Cynthia “C.J.” Warner, will leave the company to join algae-to-energy pioneer Sapphire Energy as President, as the #2 ranked company in the ‘50 Hottest Companies in Bioenergy” commences its transition from test and trial phase into production of green crude for transportation fuel markets.
More background on the [...]


