Not only did POET make strides in growth and innovation this year, but it also continued its legacy of giving back. The POET Bioproducts Center - the first of its kind in the state - will serve as an innovative ecosystem to foster collaboration on the next generation of bioproducts. The facility and its operating entity, Dakota BioWorx, represent a public-private partnership that will enhance research, economic development, and workforce preparation in the region. In October, POET, South Dakota State University (SDSU), and South Dakota Mines celebrated the completion of the POET Bioproducts Center at the SDSU Research Park in Brookings, S.D. POET – Cloverdale has already created 50 local jobs and will generate demand for 34 million bushels of grain annually. The plant was acquired by POET in 2010 but was idled in 2019 due to issues surrounding the implementation of the Renewable Fuel Standard (RFS). Since then, better federal management of the RFS and strong state support for E15 played a large role in POET’s decision to open its fifth facility in Indiana. In August, the company celebrated the grand reopening of POET Bioprocessing – Cloverdale, IN, after making significant investments to upgrade the facility. This landmark legislation unlocks access to E15 at Nebraska fueling stations and provides qualifying retailers a tax credit for every gallon sold, growing demand for corn and boosting economic activity in the nation’s second-largest bioethanol-producing state. The waiver also reaffirmed the power of American-made biofuels to lower carbon emissions and costs at the pump for consumers.Īdditionally, Nebraska passed an E15 standard in May. The announcement mirrored one made by the president at POET Bioprocessing – Menlo, IA, in 2022 and marked the second time the EPA has lifted outdated seasonal restrictions on the cleaner-burning 15% bioethanol blend. In April, the Biden Administration announced that it would be lifting the upcoming summertime ban on E15. POET’s government relations efforts also played a role in securing several victories throughout the year. POET continues to be the fastest-growing renewable CO2 company in the U.S., and these significant additions are a testament to the company’s commitment to providing a renewable CO2 solution for its customers while creating more value from every bushel of grain. In January, the company announced that it would be growing its bioCO2 capabilities with expansions at two of its bioprocessing locations.

Grand casino souix falls sd