Friday, March 18, 2011
POET Biorefining – Chancellor produced its 500 millionth gallon of ethanol since its startup in 2003, the plant announced today, the first of two POET plants to reach that milestone.
The plant officially hit the mark in December. Since then, POET Biorefining – Big Stone became the second POET plant to reach 500 million gallons.
“For years, POET Biorefining – Big Stone and Poet Biorefining – Chancellor and the team members working there have been models of efficiency and stability for the ethanol industry,” POET CEO Jeff Broin said. “I remember when these plants produced their first gallons of ethanol, and I am proud to see them now surpassing half a billion gallons.”
“This was achieved by a great team effort of POET Chancellor staff, the POET organization and local producers supplying good quality corn,” POET Biorefining – Chancellor General Manager Rick Serie said. “We are proud of the fact that we are stimulating the economy for agriculture and producing clean renewable fuel for the environment and America.”
According to researchers at the Argonne National Laboratory, one gallon of ethanol reduces CO2 emissions by 6.41 pounds. Therefore, the half a billion gallons of ethanol produced over the lifespan of POET Biorefining – Chancellor have reduced carbon emissions by 1.6 million tons.
POET, the largest ethanol producer in the world, is a leader in biorefining through its efficient, vertically integrated approach to production. The 23-year-old company produces more than 1.7 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from 27 production facilities nationwide. POET also operates a pilot-scale cellulosic ethanol plant, which uses corn cobs as feedstock, and will commercialize the process in Emmetsburg, Iowa. For more information, visit http://www.poet.com.
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