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