POET
American biofuel manufacturer / From Wikipedia, the free encyclopedia
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POET LLC is a U.S. biofuel company that specializes in the creation of bioethanol. The privately held corporation, which was originally called Broin Companies, is headquartered in Sioux Falls, South Dakota. In 2007, the Renewable Fuels Association named POET the largest U.S. ethanol producer, creating 1.1 billion US gallons (4,200,000 m3) of fuel per year.[1] POET currently produces 3 billion gallons of ethanol per year, or 19% of all ethanol produced in the United States.[2]
Company type | Private |
---|---|
Industry | bioethanol |
Founded | 1986; 38 years ago (1986) |
Headquarters | Sioux Falls, South Dakota |
Key people | Jeff Broin, Chairman & CEO Jeff Lautt, President & COO |
Revenue | $6.5 billion (2017) |
Number of employees | 2,000 |
Website | poet |
POET operates 33 ethanol plants spread across Indiana, Iowa, Michigan, Missouri, Ohio, Minnesota, and South Dakota.[3] Among its coproducts in the process are distillers grains branded Dakota Gold,[4] Inviz,[5] an asphalt rejuvenator branded Jive,[6] and a corn oil branded Voila.[7]