January 17, 2013

POET Producing Corn Oil at 25 Biorefineries



Twenty-five of POET’s network of 27 biorefineries have now installed its patent-pending corn oil technology, bringing its total capacity to approximately 250,000 tons per year, enough feedstock to produce 68 million gallons of biodiesel annually.

POET has been selling VoilĂ ™ corn oil into biodiesel and feed markets since January 2011, when POET Biorefining – Hudson (S.D.) first began to produce it on a commercial scale. Strong demand for the product prompted upgrades at the majority of the plants in the POET network

“Having a more diverse portfolio of products has been a benefit for POET, particularly when ethanol margins are challenging,” POET CEO Jeff Lautt said. “Expanding our product line is an important part of our strategy for growth.”

POET plants that are producing corn oil today are:

Indiana:
POET Biorefining – Alexandria, Cloverdale, North Manchester and Portland

Iowa:
POET Biorefining – Ashton, Coon Rapids, Corning, Emmetsburg, Gowrie, Jewell and Hanlontown

Missouri:
POET Biorefining – Laddonia

Michigan:
POET Biorefining – Caro

Minnesota:
POET Biorefining – Lake Crystal, Glenville and Preston

Ohio:
POET Biorefining – Fostoria, Leipsic and Marion

South Dakota:
POET Biorefining – Big Stone, Chancellor, Hudson, Groton and Mitchell as well as the POET Research Center in Scotland

One of POET’s four Ingreenuity goals is to increase production of bio-based products. Corn oil is playing an important role in reaching that goal.

“There’s a bio-based solution to so much of what petroleum supplies today,” Lautt said. “It’s exciting for me to see POET playing a large part in providing those solutions.”

VoilĂ  is just one item on POET's growing list of products created at its plants. In addition to ethanol, POET produces quality products for animal feed including Dakota Gold distillers dried grains. POET also captures carbon dioxide at five of its plants for sale to beverage producers and other users.


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