Iowa Power Fund approves $14.75 million for cellulosic ethanol project

Business Record (Des Moines, Iowa)
Thursday, February 26, 2009

The Iowa Power Fund Board this afternoon approved a $14.75 million contract to assist POET LLC in developing a commercial-sized cellulosic ethanol plant, state officials announced this afternoon.

The Sioux Falls, S.D.-based ethanol producer plans to use the first $5 million of those funds for further research and development to convert an existing ethanol plant in Emmetsburg to include production of ethanol from corncobs and corn fiber.

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