POET recognized as Platts Global Energy Award finalist for Industry Leadership

NEW YORK (December 12, 2014) – POET was named a finalist for the Industry Leadership Award for biofuels Thursday by the Platts Global Energy Awards at a ceremony in New York.

The Industry Leadership Award recognizes “the organization that has demonstrated the strongest commitment to creativity and game changing solutions” and “takes aim at sustainably producing and delivering fuels from renewable sources.”

POET is one of the world’s largest ethanol producers, with 27 plants in 7 states across the Midwest and approximately 1.7 billion gallons of production capacity. The company also produces about 9 billion pounds of high-protein animal feed, branded as Dakota Gold distillers grains. Other products from POET include Voila™ brand corn oil, liquefied carbon dioxide and INVIZ™ zein. POET has an integrated business model that combines technology development with expertise in construction, operations, risk management, and marketing. POET engineers and scientists have developed technology and processes through rigorous testing at POET’s laboratories and pilot-scale plant in Scotland, S.D.

POET, through a joint venture with the Netherlands-based DSM, started up its first commercial-scale cellulosic ethanol plant in September in Emmetsburg, Iowa, which uses corn cobs, leaves, husks and stalk to produce renewable fuel.

“It’s an honor to be a finalist for this award, especially considering the creativity and focus on sustainability that exists in so many companies in the biofuels industry,” POET CEO Jeff Lautt said. “A short time ago, our country was exclusively using gasoline. Today nearly 10 percent of that supply is filled by clean-burning, American-made ethanol. We’re proud at POET to be a part of that renewable fuel revolution and look forward to helping it grow in the future.”

About POET

POET, one of the world’s largest ethanol producers, is a leader in biorefining through its efficient, vertically integrated approach to production. The 25-year-old company has a production capacity in excess of 1.7 billion gallons of ethanol and 9 billion pounds of high-protein animal feed annually from its network of 27 production facilities. POET also operates a pilot-scale cellulosic bio-ethanol plant, which uses corn cobs, leaves, husk and some stalk as feedstock, and expects to commercialize the process in Emmetsburg, Iowa through its joint venture with DSM. For more information, visit http://www.poet.com.