POET has acquired the bioethanol assets of Flint Hills Resources’ in their entirety, expanding the company’s production capacity by 40 percent.
The acquisition includes six bioprocessing …
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POET has acquired the bioethanol assets of Flint Hills Resources’ in their entirety, expanding the company’s production capacity by 40 percent.
The acquisition includes six bioprocessing facilities located in Iowa and Nebraska and two terminals in Texas and Georgia. POET will now operate 33 bioprocessing facilities across eight states with a combined annual capacity of 3 billion gallons.
“This acquisition will increase POET’s ability to bring even more high-quality, plant-based biofuels and bioproducts to the world—allowing us to have an even bigger impact on fighting climate change and cleaning our air,” said POET Founder and CEO Jeff Broin.
The company’s lineup of green bioproducts include bioethanol, renewable CO2, purified alcohol, high-protein animal feed, asphalt additives and corn oil used for renewable diesel.
“We are on the cusp of a new sustainable economy that will be powered by renewable energy. Bioethanol is critical to this new economy and will continue to be so for years to come,” said POET Chief Commercial Officer Bob Casper.
POET has a location in Laddonia.
