POET, the second-largest ethanol producer in the US, touts its economic impact on the economy in supporting 39,978 full-time jobs and adding $5.4B to US GDP.
Here's a question. Take that one-ton bale of biomass (specifically, corn cobs and stalks) in the picture above, turn it into cellulosic ethanol and mix it into E85 (so, dilute it with a bit of gasoline). Now, pour it into the flex-fuel Ford Fusion parked before it and start driving. Once you leave the DC Auto Show, where we came across all of this, how far will you be able to go?
Ethanol company Poet (formerly Broin) today announced something called Ingreenuity, a "new initiative to enhance the environmental performance of ethanol." The first step in the process is to decrease the amount of water it takes to make the biofuel down to
3.6 billion gallons a year. 1,800 miles long. $4 billion dollars. 20-inch diameter.
Poet's new slogan there "Then. Now. Always. Poet." is kind of ironic because Poet is a new name in biofuels. It's a rebranding of Broin, a 20-year old company that currently operates 19 production facilities in the United States and markets more than one billion gallons of ethanol each year. And we can now add a 65-million gallon a yaer ethanol plant to Poet's empire with the upcoming groundbreaking of a plant that will be built in Marion, Ohio. There will be a ground-breaking ceremony for the n