POET, the world’s largest producer of biofuels producerhas signed an agreement to acquire the Green Plains Obion bioethanol plant, strategically located in northwest Tennessee. This transaction will allow the company to increase its annual capacity by 120 million gallons, thus strengthening its presence in the southeastern markets of the country.
Integration of the new bioethanol plant into the logistics network.
The addition of this plant brings the total number of POET bioprocessing facilities in nine U.S. states to 35, reaching a combined capacity of 3.1 billion gallons per year.
[post_relacionado]The Tennessee location offers key logistical advantages, thanks to its rail infrastructure and proximity to productive agricultural areas.
Boosting the U.S. bioeconomy
In addition to bioethanol, the plant will expand POET’s supply of corn-derived bioproducts, such as animal feed ingredients, corn oil, bioCO2 and purified alcohol. These co-products are shipped to more than 25 countries and contribute to income diversification in agricultural communities.
Expand our impact on the rural economy, reduce dependence on fossil fuels and build a more sustainable energy future.
Said Jeff Broin, founder and CEO of POET.
With this acquisition, POET also reinforces its strategy of promoting the E15 blend as a national renewable fuel option. renewable fuel option..
Expected closure and future prospects
The Obion plantplant, operational since 2008 and with 230 acres of land, will be officially integrated into POET’s portfolio in the third quarter of 2025. Jeff Lautt, president of operations, said the move enhances the company’s competitiveness in the liquid fuels sector. liquid fuels sector and expands its geographic coverage.
The company continues to focus on technological development and market expansion as part of its commitment to modern agriculture and clean energy of national origin.
Source: POET
Photo: Green Plains