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Largest biofuels producer focuses on sustainability

Nathan Stirk/Getty Images Solar panels against blue sky
POET takes steps to achieve net-zero emissions at its bioprocessing facilities by 2050.

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:

  • Completion of an on-site solar farm at POET headquarters
  • Opening of the company’s second POET Pure 100% plant-based purified alcohol facility at POET Biorefining – Alexandria in Indiana
  • Groundbreaking of the POET Bioproducts Institute at the Research Park at South Dakota State University
  • Environmental improvements at POET facilities, including installation of steam turbine technology at POET Biorefining – Mitchell (S.D.) and renewable CO2 capture at POET Biorefining – Portland (Ind.)
  • A partnership with Farmers Business Network to develop and use the Gradable platform at POET’s 33 facilities, which tracks and records low-carbon-intensity practices by farmers so they can receive a premium for their crops in the future

“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: POETwhich 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. 

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