POET retrofitting two ethanol plants to hand sanitizer production

May 7, 2020 |

In Iowa, CNBC reports that POET has shifted ethanol production at two of its plants to hand sanitizer. It has closed three others and is running at 50% production capacity at several others which has forced it to lay off about 10% of its staff. The hand sanitizer conversion is an attempt to test the new market created by the COVID-19 pandemic to help offset severe demand destruction caused by stay at home orders around the country. The company’s CEO says the retrofitting costs are significant and requires taking ethanol to a bottling company, an additional link in the supply chain it hasn’t had to tackle before.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.