25 Poet plants extract enough corn oil for 68 MMgy of biodiesel
Twenty-five of Poet’s network of 27 biorefineries have now installed its patent-pending corn oil technology, bringing its total capacity to approximately 250,000 tons per year, enough feedstock to produce 68 million gallons of biodiesel annually.
Poet has been selling its trademarked Voilà corn oil into biodiesel and feed markets since January 2011, when Poet Biorefining – Hudson (S.D.) first began to produce it on a commercial scale. Strong demand for the product prompted upgrades at the majority of the plants in the Poet network.
“Having a more diverse portfolio of products has been a benefit for Poet, particularly when ethanol margins are challenging,” Poet CEO Jeff Lautt said. “Expanding our product line is an important part of our strategy for growth.”