In South Dakota, POET is scaling up production of industrial and beverage-grade alcohol at two biorefineries. This will help meet growing demand due to market changes from COVID-19 while creating a new domestic market to boost the ag economy. Industrial alcohol is a fundamental component of products such as cleaning supplies and hand sanitizer. POET […]
In Iowa, Gasworld reports POET believes CO2 production has stabilized and the market is being adequately served as ethanol producers come back online following the drastic drop in demand following the onset of the COVID-19 pandemic that saw production collapse by 50%. Although CO2 production dropped, demand also dropped significantly too due to the closure […]
Being flexible and adapting to a shifting environment is not just about Darwinism, but about survival in a changing world quickly. Just this week, Green Plains shifted one of their Nebraska facilities to make FCC grade alcohol to be used for producing hand sanitizer. Lactips developed a solution to produce water-soluble strips for sealing COVID-19 […]
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 […]
In South Dakota, POET announced it will idle production at its bioprocessing facilities in Chancellor, S.D., Ashton, Iowa, and Coon Rapids, Iowa, and delay the start-up of its new plant in Shelbyville, Ind., as producers across the United States continue to grapple with the economic fallout of the ongoing COVID-19 pandemic. On an annualized basis, […]
In Iowa, Reuters reports that although it hasn’t stopped production at any of its biorefineries yet, POET says it has stopped buying corn at several of its facilities. As people across the country self-quarantine, gasoline demand is dropping significantly and with it ethanol demand. The company is keeping a close eye on gasoline demand in […]
By Bruce Comer, Founder and Managing Director, Ocean Park Special to The Digest Slowdown in North American biofuels Mergers and Acquisitions as thin margins and policy uncertainty hung over industry. Biofuels Merger and Acquisition (M&A) activity in North America was subdued in 2019. Only four operating biodiesel, ethanol and advanced biofuels plants were sold during […]
In South Dakota, POET announced a $2 million gift for construction of the precision agriculture facility at South Dakota State University (SDSU). POET and SDSU have a strong history of collaboration on innovative research projects and training the next generation to use agriculture to solve the world’s most pressing issues, like climate change. POET is […]
In Indiana, POET’s Cloverdale plant went ahead and shut its doors last Friday, laying off around 50 workers and only keeping enough staff on hand for security reasons, following an initial announcement in August. The company blames the “missing gallons” as a result of the Environmental Protection Agency’s approval of 31 small refinery hardship waivers […]
In Indiana, POET has confirmed to local officials in Shelbyville that despite the company having to idle production across its different facilities due to ongoing market challenges, the Shelbyville biorefinery is still set to open in March 2020 as planned. The new facility will be the most efficient of the company’s 29 ethanol plants thanks […]
