Poet acquires its 27th plant
Ethanol producer Poet has purchased its most recent facility – a 90mgy ethanol plant in the town of Cloverdale, Indiana, US.
Poet’s CEO Jeff Broin said: ‘In total, POET will have the capacity to produce 1.7 billion gallons of ethanol and more than 4.5 million tons of dried distillers grains. We will continue to look for opportunities to expand that capacity.’
The Cloverdale plant, which was formerly owned and operated by biofuels technology developer Altra Biofuels, is expected to resume operations in nine months once Poet has completed its $30 million (€24.3 million) upgrade. This will consist of the installation of a pollution control system and water recovery to recycle wastewater.
‘The vast amount of agricultural residue in the area makes this plant an excellent candidate for cellulosic ethanol production, which is a technology our company is working on today,’ explained Broin.
The plant will also have the ability to produce an annual supply of 246,500 tonnes of distillers grains from 31 million bushels of corn.
Poet’s CEO Jeff Broin said: ‘In total, POET will have the capacity to produce 1.7 billion gallons of ethanol and more than 4.5 million tons of dried distillers grains. We will continue to look for opportunities to expand that capacity.’
The Cloverdale plant, which was formerly owned and operated by biofuels technology developer Altra Biofuels, is expected to resume operations in nine months once Poet has completed its $30 million (€24.3 million) upgrade. This will consist of the installation of a pollution control system and water recovery to recycle wastewater.
‘The vast amount of agricultural residue in the area makes this plant an excellent candidate for cellulosic ethanol production, which is a technology our company is working on today,’ explained Broin.
The plant will also have the ability to produce an annual supply of 246,500 tonnes of distillers grains from 31 million bushels of corn.
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