Three POET biorefineries will expand ethanol production capacity by a combined total of 25 million gallons in 2016. POET Biorefineries in Hanlontown, Iowa, Hudson, South Dakota and Caro, Michigan each filed separate expansion permits within their respective states and will soon be producing at the level their RIN permit allows. The expansions would increase POET biorefineries capabilities by more than 20 million gallons a year. POET President and COO Jeff Lautt said “this industry is ready to give drivers even more opportunities to use clean-burning, American-made biofuel.”
POET set production records at 17 biorefineries in 2015. The expansion comes however at a time when some are starting to question the competitiveness of ethanol because of the recent decline in oil prices.