POET Increases Biofuel Production Capacity by 40%

Company also highlights on-site solar farm and a roadmap to net carbon neutrality in its sustainability focus

POET Biorefining logo1

A 40% increase in biofuel production capacity, an on-site solar farm and a company roadmap to net carbon neutrality highlighted a year focused on sustainability forPOET.

“Every person, every business has a responsibility to keep moving our world toward sustainability,” POET Founder and CEO Jeff Broin says.

“At POET, that includes growing our business of producing biofuel and other valuable bioproducts for the world, but it goes beyond that.

“It means creating renewable energy to power our headquarters,” he continues. “It means taking a leadership role in broader sustainability efforts in agriculture. And it means being visible, telling the hard truths and gaining advocates for environmental responsibility.”

The biggest news of the year for POET was theacquisition in Juneof six bioprocessing facilities in Iowa and Nebraska as well as two terminals in Texas and Georgia that brought the company’s annual production capacity to three billion gallons of bioethanol.

In September, POET released its inauguralsustainability reportalong with a pledge to achieve net-zero emissions at its bioprocessing facilities by 2050.

Other notable achievements include

  • Completion of anon-site solar farmat POET headquarters
  • Opening of the company’ssecond POET Pure100% plant-based purified alcohol facility at POET Biorefining – Alexandria in Indiana
  • A feature in BBC StoryWorks short film “Nature’s Building Blocks
  • Joining theDecade of Agmovement for sustainable food and ag systems
  • Groundbreakingof the POET Bioproducts Institute at the Research Park at South Dakota State University
  • Environmental improvements at POET facilities, including installation of steam turbine technology at POET Biorefining, Mitchell, SD, and renewable CO2 capture at POET Biorefining, Portland, IN
  • A partnership withFarmers Business Network to develop and use the Gradable platformat POET’s 33 facilities, which tracks and records low-carbon-intensity practices by farmers so they can receive a premium for their crops in the future

“At POET, we believe the sun, the soil, and the seed are the keys to solving the world’s most pressing issues,” says Broin.

“中西部各州将在产品中发挥重要作用g our world away from fossil-based fuels and products and toward a cleaner, more climate-friendly future. Agriculture, environmentalists and biofuel producers need to work together in 2022 to ensure the success of the bioeconomy. ‘Bio’ is the future, but we can’t get there alone.”

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