December 23, 2008

POET plant begins $2 million expansion project

POET issued a press release yesterday saying that their Laddonia, Mo. plant is undergoing a $2 million dollar expansion which will allow it to produce an additional five million gallons of ethanol. According to the press release the expansion is already underway and is expected to be completed in April 2009.

I mention this development as a reminder that although the news lately has given the impression that the ethanol industry is on it's last leg there are still companies within the industry that see a bright outlook ahead and are investing in more capacity.

Source : POET Press Release

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