Iowa approves partnership with Poet
The Iowa Power Fund Board has approved a $14.75 million (€11.7 million) contract with Poet for the development of a commercial cellulosic ethanol plant in Emmetsburg, Iowa, US.
Poet’s Project Liberty will add 25 million gallons a year of cellulosic ethanol production capacity to an existing grain-to-ethanol plant in Emmetsburg, Iowa.
The project is jointly funded by Poet, the United States Department of Energy and the state of Iowa and is scheduled to begin production in 2011.
By adding the production of cellulosic ethanol from corn fibre and corn cobs to an existing grain ethanol plant, Poet will be able to produce 11% more ethanol from a bushel of corn, 27% more from an acre of corn, while reducing fossil fuel consumption and water use.
‘Iowa is already the nation’s leading producer of clean, green ethanol, and the action today by the Iowa Power Fund Board demonstrates their commitment to making Iowa the leader in next-generation ethanol as well,’ Poet CEO Jeff Broin says.
Poet anticipates adding cellulosic ethanol production to its six other facilities in the state of Iowa, which would represent an additional capital investment of $2 billion and create 2,700 new jobs.
Poet recently brought its 20,000 gallon a year pilot cellulosic ethanol plant online in Scotland, South Dakota.
Poet’s Project Liberty will add 25 million gallons a year of cellulosic ethanol production capacity to an existing grain-to-ethanol plant in Emmetsburg, Iowa.
The project is jointly funded by Poet, the United States Department of Energy and the state of Iowa and is scheduled to begin production in 2011.
By adding the production of cellulosic ethanol from corn fibre and corn cobs to an existing grain ethanol plant, Poet will be able to produce 11% more ethanol from a bushel of corn, 27% more from an acre of corn, while reducing fossil fuel consumption and water use.
‘Iowa is already the nation’s leading producer of clean, green ethanol, and the action today by the Iowa Power Fund Board demonstrates their commitment to making Iowa the leader in next-generation ethanol as well,’ Poet CEO Jeff Broin says.
Poet anticipates adding cellulosic ethanol production to its six other facilities in the state of Iowa, which would represent an additional capital investment of $2 billion and create 2,700 new jobs.
Poet recently brought its 20,000 gallon a year pilot cellulosic ethanol plant online in Scotland, South Dakota.
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