Today near Fostoria, Ohio, POET held a groundbreaking ceremony for their third ethanol production facility in the state. Dirt work has already started at the site with construction expected to begin later this month and last 12-14 months. The site is located approximately 1.5 miles northeast of Fostoria on Highway 12 and Yokum Road.

At 65 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 $130 million facility will use 21 million bushels of corn per year to produce 65 million gallons of ethanol and 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Products™. Ethanol marketing for the facility will be provided by POET Ethanol Products and distillers grains co-products will be marketed by POET Nutrition. Rail access is through Norfolk Southern.

Jeff Broin, CEO of POET, said, “From city and county officials to the economic development team and community leaders, Fostoria has been an outstanding partner in the development of this facility. In about one year, the area will be home to one of the most technologically- advanced, environmentally-friendly ethanol plants in the world. It will not only benefit the local economy, but also decrease our country’s dependence on foreign oil and provide a clean fuel that improves the environment.”

Mike Wagner, Executive Director of the Buckeye Renewable Fuels Association, said “We’ve been working for years to bring ethanol production to the Buckeye state because it’s going to be tremendous for our rural economy. With POET, we’re proud to have one of the leading ethanol producers in the U.S. breaking ground for its third plant in the state of Ohio. Fostoria has been an agricultural center for years and this ethanol plant will ensure that tradition continues for many years to come.”

John Davoli, Mayor of Fostoria, said, “With POET coming to town, the great city of Fostoria keeps getting greater. They are a wonderful company to work with and we’re excited to partner with POET for many years to come.”

This is the third site in the state of Ohio that POET has selected for an ethanol production facility. A 60 mpgy facility near Leipsic is expected to be completed early next year and ground was broken on a site near Marion in July.

About POET
POET, the largest dry mill ethanol producer in the United States, is an established leader in the biorefining 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 with seven more in construction or under development. The company produces and markets more than one billion gallons of ethanol annually. For more information, go to http://www.poetenergy.com.

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