POET to present update on cellulosic project at ACE Ethanol Conference on August 13

VP of Project Development to highlight POET’s progress toward commercial cellulosic ethanol production

Tuesday, August 5, 2008 - POET-DSM

SIOUX FALLS, S.D. – Larry Ward, Vice President of Project Development for POET, will provide an update on POET’s cellulosic ethanol project at the ACE Ethanol Conference on August 13 in Omaha, Neb. On a Wednesday afternoon panel, Ward will give an update on Project LIBERTY and the progress POET has made toward the commercialization of cellulosic ethanol.

Project LIBERTY, the transformation of a 50 MGPY grain-to-ethanol plant in Emmetsburg, Iowa into an integrated corn-to-ethanol and cellulose-to-ethanol biorefinery, is jointly funded by POET and the United States Department of Energy. Once complete, the facility will produce 125 million gallons of ethanol per year, of which 25 million gallons will be from the cellulose in corn fiber and corn cobs. 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, 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 23 production facilities in the United States with five more in construction or under expansion. The company produces and markets more than 1.3 billion gallons of ethanol annually. For more information, go to http://www.poet.com

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