SIOUX FALLS, S.D. (August 6, 2007) – POET will hold a groundbreaking ceremony for POET Biorefining – Fostoria, their ethanol production facility near Fostoria, Ohio, on August 16. The ceremony will start with a speaking program at 1:00 PM in the Roppe Corporation Training Center (1616 North County Line Street). Following the speaking program, buses will shuttle attendees to a groundbreaking ceremony at the plant site. The public is invited to attend both activities.

The Northern Ohio community of Fostoria is located in Seneca County 40 miles southeast of Toledo. POET Biorefining – Fostoria, a $130 million production facility, will be located approximately 1.5 miles northeast of Fostoria on Highway 12 and Yokum Road.

At 60 million gallons of ethanol per year (MGPY), POET Biorefining – Fostoria will consume 21 million bushels of locally grown corn and produce 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Products™. Ethanol marketing for the facility will be provided by POET Ethanol Products and byproducts will be marketed by POET Nutrition. The facility will utilize rail service from Norfolk Southern.

About POET
POET, the largest dry mill ethanol producer in the United States, is an established leader in the bio-refining industry through project development, design and construction, research and development, plant management, and marketing. Formerly known as Broin, the 20-year old company currently operates 20 production facilities in the United States while marketing more than one billion gallons of ethanol annually. For more information, go to http://www.poetenergy.com.

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