Supporting Our Roots

Carbon capture and storage in Cloverdale, Indiana

At POET, we know that strong rural communities are built on hard work, partnerships, and a commitment to the next generation. That's why we're bringing a Carbon Capture and Storage (CCS) project to Cloverdale-a practical step that helps strengthen local agriculture, bring new investment to the area, and supports rural farming economies.

"Carbon Capture helps us open doors to new markets and opportunities that keep agriculture thriving in Cloverdale and Putnam County. It's a win for farmers, a win for biofuels, and a win for the local economy." - Jeremy Jacobs, General Manager of POET Bioprocessing - Cloverdale

Benefits of CCS to Cloverdale and Putnam County

• Local Economic Growth
• Stronger grain markets for farmers
• New Jobs
• Additional property tax revenue
• Local Investment

Community partnership fund

Investing in the future of Putnam County

We have a special relationship with the communities we call home. POET's neighbors often include our first investors, corn suppliers, feed customers, and team members' families. We are 100% committed to the well-being and long-term success of this community. For over 35 years, it's also been our mission to create value for rural communities. We believe carbon sequestration is the next big opportunity for bioprocessing and it can generate tremendous benefits for the entire county.

We want everyone to share in the value of this project, including neighboring landowners, family farmers, local construction workers, truckers, and residents across Putnam County.

Over the past year, we've had a lot of conversations and we've heard a common question from landowners and community members outside of the project area: how will we benefit? That's why POET created a Community Partnership Fund to help ensure everyone has the opportunity to benefit from this project.

Here's how it works

• The Fund will allocate a portion of the federal tax incentives we're eligible to receive for permanently sequestering CO2 and invest that money directly back into the community.
• POET will donate $2.00 per metric ton of carbon sequestered. As long as POET is actively sequestering CO2, the county will receive an annual payment of up to $500,000. That could build to a combined total of $6 million over the life of the project!
• There are no strings or stipulations attached-the county is free to use the funds however it sees fit.
  • The funds could be used for roads, parks, schools, emergency services, or whatever matters most.

This partnership reflects POET's belief that everyone in the community is a partner and deserves to benefit from the project's success.