POET Expands Corn Oil Operations
(Inside Indiana Business/POET) 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 Voilà™ 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.” READ MORE