Cellulosic Ethanol ‘Floodgates’ May Open in 2013, Poet LLC Says

Bloomberg BusinessWeek
October 17, 2011, 1:13 PM EDT
By Alex Morales

Oct. 17 (Bloomberg) -- Cellulosic ethanol output may surge starting in 2013, when the first commercial-scale plants “open the floodgates” for the fuel, according to the largest U.S. corn-based biofuel producer.

Poet LLC plans to start production in 2013 at a 25 million- gallon-a-year plant in Iowa and secured a $105 million conditional loan guarantee from the U.S. Energy Department this year, said Greg Hartgraves, the company’s director of research. Competitors BP Plc and Abengoa SA also plan facilities by that year for the fuel, made from inedible grasses and crop waste.

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