Poet targets 3.5 billion gallons of ethanol
US-based ethanol producer Poet has plans to produce 3.5 billion gallons of cellulosic ethanol a year by 2022.
Following successful technology and feedstock development the company will break ground on its first cellulosic ethanol plant Emmetsburg, Iowa, later this year.
The 3.5 billion gallons of cellulosic ethanol will come from three primary sources: 1 billion gallons from adding the technology to Poet’s existing network of 26 corn-based ethanol plants; licensing that technology to other corn-based ethanol producers will lead to another 1.4 billion gallons of production capacity; and another 1.1 billion gallons of production capacity will come from a wide variety of other feedstocks from across the US.
This capacity will be produced by Poet or through joint ventures and opportunities where Poet Biomass provides logistics support to other producers.
‘By 2022, Poet plans to be responsible for 3.5 billion gallons of cellulosic ethanol production by adding the technology to our existing facilities, licensing our technology to other producers and finally, transferring our technology to other forms of biomass such as wheat straw, switchgrass and municipal waste,’ Poet CEO Jeff Broin comments.
That volume would represent more than 20% of the cellulosic ethanol mandated in the Renewable Fuel Standard, according to the company.
Poet has submitted its application for a loan guarantee with the U.S. Department of Energy (DoE). If he guarantee is secured in 2010 construction will begin by the end of the year with a possible startup in early 2012.
Following successful technology and feedstock development the company will break ground on its first cellulosic ethanol plant Emmetsburg, Iowa, later this year.
The 3.5 billion gallons of cellulosic ethanol will come from three primary sources: 1 billion gallons from adding the technology to Poet’s existing network of 26 corn-based ethanol plants; licensing that technology to other corn-based ethanol producers will lead to another 1.4 billion gallons of production capacity; and another 1.1 billion gallons of production capacity will come from a wide variety of other feedstocks from across the US.
This capacity will be produced by Poet or through joint ventures and opportunities where Poet Biomass provides logistics support to other producers.
‘By 2022, Poet plans to be responsible for 3.5 billion gallons of cellulosic ethanol production by adding the technology to our existing facilities, licensing our technology to other producers and finally, transferring our technology to other forms of biomass such as wheat straw, switchgrass and municipal waste,’ Poet CEO Jeff Broin comments.
That volume would represent more than 20% of the cellulosic ethanol mandated in the Renewable Fuel Standard, according to the company.
Poet has submitted its application for a loan guarantee with the U.S. Department of Energy (DoE). If he guarantee is secured in 2010 construction will begin by the end of the year with a possible startup in early 2012.
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