POET begins construction on new biofuel facility

In Indiana, POET is moving forward with full construction of a new biofuel facility in Shelbyville, Indiana. Final permit approval came this week for the planned 80 million-gallon-per-year facility. With full construction started, the expected completion date for the nearly $160 million facility is spring of 2020.

“This is the right project in the right location at the right time,” POET CEO Jeff Broin said. “Farmers desperately need the income boost from this new market for grain, and Pres. Trump’s recent announcement of year-round E15 sales has the biofuels industry poised for new growth and prosperity. Shelbyville is leading the way for future production to meet new E15 demand. We’re excited to partner yet again with Indiana to create a cleaner, healthier environment for our children and grandchildren.”

POET Biorefining – Shelbyville will be the 28th starch biofuel plant in POET’s network, and the fifth in Indiana. It will add 45 full time jobs and $110 million in annual corn purchases for farmers in the area, primarily within a 30-mile radius. POET plans to start hiring for full-time positions in spring 2019.