POET announces plans for 3.5 billion gallons of cellulosic ethanol in 2022

Renewable Energy World.com
April 21, 2010

Technology ready, CEO says, but loan guarantee, policy stability and market access still needed to achieve vision
By POET

SIOUX FALLS, S.D.
POET plans to have a hand in producing 3.5 billion gallons of cellulosic ethanol per year by 2022, POET CEO Jeff Broin said today at the National Press Club in Washington, D.C.

"In order for this vision to become a reality, policy makers must provide access to the market and the stability needed to attract the large amount of capital that will be required to finance its construction." - POET CEO Jeff Broin POET, the largest producer of ethanol in the world, has made enough progress on technology and feedstock development to break ground on its first plant in Emmetsburg, Iowa later this year, Broin said. He is confident it will be the first of many.



According to POET’s plans, the 3.5 billion gallons of cellulosic ethanol will come from three primary sources:

1.One billion gallons of production capacity will come from adding the technology to POET’s existing network of 26 corn-based ethanol plants.
2.Licensing that technology to other corn-based ethanol producers will lead to another 1.4 billion gallons of production capacity.
3.Another 1.1 billion gallons of production capacity will come from a wide variety of other feedstocks from across the U.S. These gallons will be produced by POET or through joint ventures and opportunities where POET Biomass provides logistics support to other producers.

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