POET
Americas
Sioux Falls
,
United States
Established
FOUNDED
1986
HEADCOUNT
1001-5000
FUNDING
Privately held
Keywords:
fermentation, yeast, biofuels, animal_nutrition
BUSINESS
Founded in 1987 as Broin Companies and headquartered in Sioux Falls, South Dakota, POET LLC is a privately held biofuel and bioproducts company that is the largest ethanol producer in the United States, with approximately 3 billion gallons per year of corn ethanol capacity (around 19% of US production) operating across 34 biorefineries in Indiana, Iowa, Michigan, Missouri, Ohio, Minnesota, and South Dakota.
BIOTECH INVOLVEMENT
Partial; largest US ethanol producer (~3 billion gallons/year corn ethanol). The cellulosic ethanol venture Project Liberty (Emmetsburg, IA) was wound down after POET acquired DSM's stake in 2020 and has been deprioritized in favor of corn ethanol scale-up and CCUS. Major customer for fermentation enzymes and yeast.
TECHNOLOGY PLATFORM
corn fermentation; biorefining
PRIMARY PRODUCTS
Ethanol; distillers grains; corn oil; purified alcohol; renewable CO2