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POET SHUTS DOWN MISSOURI ETHANOL PLANT, CITES LACK OF CORN SUPPLY
Jan. 29, 2013
BrownfieldAgNews reports:
While POET Bio-Refining announced last week it was temporarily shutting down operations at one of its two ethanol plants in Missouri, its other ethanol plants remain open.
Larry Ward, POET's Senior Vice President for Project Development, says corn supply is an issue at its Macon, Missouri plant, because of the drought, but no place else. Ward tells Brownfield Ag News, "None of the other ones have closed at this time and we do not foresee that at this stage."
Ward tells Brownfield they've been successful combining good corn growing locations and technology to produce ethanol and distillers grains. He says, "We have a great farmer base that has been both suppliers for corn as well as investors in the plants. We have a very strong technology base that has been in the industry for over 20 years and continue to develop and allows those plants to operate amongst the highest in efficiency anywhere in the industry."
Ward says they are hopeful about the next growing season, "Mother Nature continues to usually bring spring rains. We've never seen anything where you've had major droughts put on top of other major droughts. You know, anything can happen. We all know that. But we also remain optimistic.
One of the world's largest ethanol producers, POET has 26 plants in Iowa, Indiana, Michigan, Minnesota, Missouri, Ohio, and South Dakota.
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