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Ethanol company POET announced today that it will present an update on what's been going on at the oh-so-humbly named Project Liberty at a summit on cellulosic ethanol in Washington, D.C. next week. Apparently, the "high-level governmental, agricultural, financial and commercial players" will need three days (Oct. 15-17) to digest the state of cellulosic ethanol in America.

The Mascoma Corporation has already announced that it wants to be the first to have a cellulosic ethanol plant up and running, with three projects announced in Tennessee, New York state and Michigan. The ethanol company POET (formerly Broin) is not going to let Mascoma get there without a challenge, and announced this week an agreement with the U.S. Department of Energy for the first phase of a commercial cellulosic ethanol project.