POET in Talks to Acquire Flint Hills' Ethanol Assets

POET is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills’ ethanol assets, both companies toldReuterson Thursday.

The deal would increase POET’s potential production capacity for ethanol by more than a third to 3 billion gallons per year, said Jessica Sexe, a spokeswoman for POET.

Flint Hills, Wichita, KS, is currently the fifth-largest ethanol producer in the United States. Its biofuels division includes six ethanol plants with a combined capacity of about 800 million gallons/year, 1.5 million tons of distillers grains and about 200 million pounds of corn oil.