Press Releases

POET panelists to share insight into next-stage biofuels


Executives to discuss science, finance behind developing cellulosic ethanol


Friday, November 14, 2008


SIOUX FALLS, S.D. (November 14, 2008) – Two POET executives will share their expertise about developing cellulosic ethanol in the upcoming Cellulosic Ethanol Summit 2008 in Coral Gables, Florida Nov. 17-19.

Dr. Mark Stowers, POET’s Vice President of Research & Development, will participate Tuesday, Nov. 18 in a panel discussion of progress toward developing cellulosic ethanol and knowledge that has been gathered along the way.

Denny DeVoss, POET’s Corporate Finance Director, will be a panelist Wednesday, Nov. 19 in a discussion titled “Commercialization & Financing Industry Growth,” a look at partnerships, investment and other commercialization strategies in developing the cellulosic ethanol industry.

POET is a leader in the development of cellulosic ethanol with its strategy of using corn cobs as feedstock for the process. Project BELL, a pilot-scale cellulosic ethanol plant located in Scotland, S.D., will begin production by the end of this year.

The process will be used on a commercial scale through Project LIBERTY, the transformation of a 50 million-gallon-per-year (MGPY) grain-to-ethanol plant in Emmetsburg, Iowa into an integrated corn-to-ethanol and cellulose-to-ethanol biorefinery. Project LIBERTY is jointly funded by POET, the United States Department of Energy and the state of Iowa. Once complete, the facility will produce 125 MGPY, of which 25 million gallons will be from the cellulose in corn fiber and corn cobs. Production is scheduled to begin in 2011. By adding cellulosic production to an existing grain ethanol plant, POET will be able to produce 11 percent more ethanol from a bushel of corn and 27 percent more from an acre of corn while significantly decreasing fossil fuel consumption. For more information, go to http://www.projectliberty.com.

About POET
POET, the largest ethanol producer in the world according to the Renewable Fuels Association, is an established leader in the biorefining industry through project development, design and construction, research and development, plant management, and marketing. The 20-year old company currently operates 26 production facilities in the United States. The company produces and markets more than 1.5 billion gallons of ethanol annually. For more information, go to http://www.poet.com.

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