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A vision and beyond: POET celebrates 35 years

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By POET

March 08, 2023

FeedstocksBusinessOperationsCoproducts

POET is celebrating its 35th anniversary. The company, founded in 1987, currently boasts an annual production rate of 3 billion gallons of bioethanol, 14 billion pounds of animal feed, and 1 billion pounds of corn oil.

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UNICA, the Brazilian sugarcane industry association, has announced facilities in the south-central region of Brazil produced 207.26 million liters of ethanol during the first half of February. Corn ethanol accounded for 98 percent of that volume.

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The USDA maintained its forecast for 2022-'23 corn use in ethanol production in its latest World Agricultural Supply and Demand estimates report, released March 8. The agency also lowered its forecast for season-average corn prices.

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The USDA maintained its forecast for 2022-'23 soybean oil use in biofuel production in its latest WASDE report, released March 8. The agency also slightly reduced its outlook for season-average soybean oil prices.

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Neste is considering the establishment of an algae pilot production facility in Spain to further strengthen the growth of its global raw material pool. The project is currently in the planning phase with no final investment decision made yet.

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Yield10 Bioscience Inc. has signed a memorandum of understanding (MOU) with American Airlines Inc. to collaborate in developing the value chain for camelina as a low-carbon feedstock oil for sustainable aviation fuel (SAF).

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The innate persistence of the U.S. ethanol industry and its champions can drive renewable fuels to new heights in 2023, RFA President and CEO Geoff Cooper said in his annual “State of the Industry� presentation at the NEC.

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Swedish Biofuels AB announced on Feb. 27 an investment by Mitsubishi Corp. to jointly accelerate commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology.

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The ethanol industry's contribution to the U.S. economy increased in 2022 as production volumes continued to recover from COVID pandemic levels and producers received higher prices for ethanol and co-products like distiller grains and corn oil.

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The RFA released its 2023 Ethanol Industry Outlook and Pocket Guide during the 28th annual National Ethanol Conference in Orlando. The annual publications serve as the go-to source of ethanol industry information, facts, and statistics.

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Total U.S. operable biofuels production capacity expanded in December. Total biofuel feedstock consumption was down when compared to both the previous month and December 2021, according to data released by the U.S. EIA on Feb. 28.

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Total U.S. operable biofuels production capacity expanded in December. Total biofuel feedstock consumption was down when compared to both the previous month and December 2021, according to data released by the U.S. EIA on Feb. 28.

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The USDA recently released its Grain Crushings and Co-Products Production report for February, reporting that corn use for fuel ethanol production in December was down from both the previous month and December 2021.

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Yield10 Bioscience Inc., an agricultural bioscience company, on Feb. 21 announced key advancements for enabling weed control for Camelina cultivation and for supporting grower adoption of this crop for the biofuel feedstock oil market.

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Darling Ingredients Inc. on Feb. 21 announced Panda Restaurant Group Inc. has chosen Darling Ingredients to recycle its used cooking oil into sustainable products, such as cleaner burning renewable diesel and SAF.

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UNICA, the Brazilian sugarcane industry association, has released data showing that ethanol production was up during the second half of January. Ethanol sales for the full month were up more than 23 percent.

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The use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the SAF tax credit under the Inflation Reduction Act, the RFA said in comments to the U.S. Department of Treasury.

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The USDA lowered its forecast for 2022-'23 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 8. The outlook for corn ending stocks was increased.

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Equilon Enterprises LLC (Shell) and S&W Seed Co. have execution an agreement to establish a joint venture (JV) for the purpose of developing novel plant genetics for oil seed cover crops as feedstocks for biofuel production.

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The USDA maintained its forecast for 2022-'23 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 8. The U.S. soybean outlook is for lower soybean crush and higher ending stocks.

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Green Plains Inc. released fourth quarter financial results on Feb. 8, reporting that the company's operations were impacted by high corn prices, rail embargoes, and cold weather during the three-month period.

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The U.S. Department of Energy announced $25.5 million in funding to enable the sustainable use of domestic biomass and waste resources, such as agricultural residues and algae, to produce low-carbon biofuels and bioproducts.

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Neste Corp. on Feb. 8 released Q4 and full year 2022 financial results, reporting strong performance for its renewable products segment. Renewable diesel demand remained robust and the company highlighted plans for increased SAF prodcution.

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Nippon Paper Industries Co. Ltd., Sumitomo Corp. and Green Earth Institute Co. Ltd. are partnering on the production of cellulosic bioethanol from woody biomass in Japan and its development into bio-chemicals and sustainable aviation fuel (SAF).

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Axens and Praj have signed a memorandum of understanding (MOU) to work jointly on projects in India for production of sustainable aviation fuel (SAF) from low carbon alcohols through alcohol-to-jet (ATJ) pathway.

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UNICA, the Brazilian sugarcane industry association, has released data showing that ethanol sales during the first half of January were up slightly when compared to the same period of 2021. Ethanol production was also up for the two-week period.

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The USDA's Commodity Credit Corp. announced on Jan. 27 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2022, which runs from Oct. 1, 2022 through Sept. 30, 2023.

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Greenfield Global Inc., in close collaboration with the University of Alberta's Faculty of Engineering, is leading the development of a new clean technology that will convert agricultural waste into renewable diesel fuel.

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United Airlines, Tallgrass, and Green Plains Inc. have announced a new joint venture – Blue Blade Energy – to develop and then commercialize a novel sustainable aviation fuel (SAF) technology that uses ethanol as its feedstock.

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U.S. operable biofuels production capacity was up in November, with gains for both ethanol and renewable diesel, according to data released by the U.S. EIA on Jan. 31. Total feedstock consumption was up slightly from October.

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