A 40% increase in biofuel production capacity, an on-site solar farm, and a company roadmap to net carbon neutrality highlighted a year focused on sustainability for POET. Headquartered in Sioux Falls, POET is the largest biofuels producer in the world. 

“Every person, every business has a responsibility to keep moving our world toward sustainability,” POET Founder and CEO Jeff Broin said. “At POET, that includes growing our business of producing biofuel and other valuable bioproducts for the world, but it goes beyond that."

The biggest news of the year for the company was the acquisition in June of six bioprocessing facilities in Iowa and Nebraska as well as two terminals in Texas and Georgia that brought the company’s annual production capacity to 3 billion gallons of bioethanol.

In September, POET released its inaugural sustainability report along with a pledge to achieve net-zero emissions at its bioprocessing facilities by 2050.

Other notable achievements include:

“At POET, we believe the sun, the soil, and the seed are the keys to solving the world’s most pressing issues,” said Broin. “Midwestern states will play a major role in moving our world away from fossil-based fuels and products and toward a cleaner, more climate-friendly future. Agriculture, environmentalists and biofuel producers need to work together in 2022 to ensure the success of the bioeconomy. ‘Bio’ is the future, but we can’t get there alone.”

Source: POET, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.