Biofuels and Bioenergy

POET, the world’s largest biofuel producer, is a leader in biorefining through its efficient, vertically integrated approach to production. The 30-year-old company has a network of 27 production facilities with a production capacity of 1.75 billion gallons. POET employs approximately 1,800 team members and in addition to ethanol produces 9 billion pounds of distillers’ dry grains and approximately 550 million pounds of corn oil per year. POET’s mission is to be a good steward of the Earth by converting renewable resources to energy and other valuable goods as effectively as humanly possible. POET is also known for its excellent record of innovation with a “raw starch” process (BPX) being the most widely known. POET, through its joint venture with DSM, also operates a commercial-scale cellulosic ethanol plant in Emmetsburg, Iowa. Project LIBERTY has a 20-25 million gallon capacity. Project LIBERTY is currently ramping up production and has achieved a conversion rate of 70 gallons per ton of biomass. The latest achievements at Project LIBERTY will be further discussed during the meeting.