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POET
Company type
Private
Industry
bioethanol
Founded
1986; 38 years ago (1986)
Headquarters
Sioux Falls, South Dakota
Key people
Jeff Broin, Chairman & CEO
Jeff Lautt, President & COO
Revenue
$6.5 billion (2017)
Number of employees
2,000
Website
poet.com
POET LLC is a U.S. biofuel company that specializes in the creation of bioethanol. The privately held corporation, which was originally called Broin Companies, is headquartered in Sioux Falls, South Dakota. In 2007, the Renewable Fuels Association named POET the largest U.S. ethanol producer, creating 1.1 billion US gallons (4,200,000 m3) of fuel per year.[1] POET currently produces 3 billion gallons of ethanol per year, or 19% of all ethanol produced in the United States.[2]
POET operates 33 ethanol plants spread across Indiana, Iowa, Michigan, Missouri, Ohio, Minnesota, and South Dakota.[3] In 2007, the company received a US$80 million grant from the U.S. Department of Energy for the creation of a cellulosic ethanol production facility in Emmetsburg, Iowa. A grand opening was held for the facility on September 3, 2014. It is expected to produce 25 million gallons of ethanol per year from corncobs, leaves and husks provided by farmers in and around the area.[4]
POET has also collaborated with other companies, including Deere & Co. and Vermeer Company, to develop manufacturing equipment for harvesting corn cobs used in ethanol production.[5] Among its coproducts in the process are distillers grains branded Dakota Gold,[6] Inviz,[7] an asphalt rejuvenator branded Jive,[8] and a corn oil branded Voila.[9]
^“Poet Nation's Top Ethanol Producer,” KSFY.com/Action News, September 14, 2007 Archived December 21, 2007, at the Wayback Machine
^Jett, Tyler (April 12, 2022). "What to know about Poet, the world-leading ethanol producer President Joe Biden is visiting in Iowa". Des Moines Register. Retrieved April 14, 2022.
^"About and also a ethanol plant in Fair ont,NebraskaPOET". POET.
^Dreeszen, Dave (24 July 2011). "Seven Questions about Project Liberty". Sioux City Journal. Retrieved 19 August 2012.
^“Manufacturers perfect corn cob harvesters,” Biomass Magazine, October 20, 2008
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Global Information
$6.5 billion (2017)