In the United States (US), biorefiner and global fuel ethanol major POET LLC has announced that it has finalized its acquisition of Green Plains Obion, which will now be known as POET Bioprocessing – Obion, a bioethanol facility in northwestern Tennessee (TN).
With this milestone, POET’s portfolio grows to 35 bioprocessing facilities across nine states, bringing its annual production capacity to 3.1 billion (US) gallons (≈ 11.73 billion litres) of bioethanol.
POET also produces 15 billion pounds (≈ 6.795 million tonnes) of high-protein feed ingredients, 1 billion pounds (≈453,000 tonnes) of corn oil used for renewable diesel, and 800,000 tonnes of biogenic carbon dioxide (bioCO2) used in food, beverage, and industrial applications.
The Obion facility was commissioned in 2008 and has an annual production capacity of 120 million gallons (≈ 454 million litres) of bioethanol. The 230-acre facility has ample corn storage and rail infrastructure.
This acquisition strengthens our ability to serve southeastern markets and expands opportunities for farmers and rural communities across the region. With this new addition, we reaffirm our commitment to providing high-quality, American-made biofuels and bioproducts that create strong markets for farmers, fortify rural economies, and ensure a more secure energy future for our nation, said POET Founder and CEO Jeff Broin.
