Poet LLC launches joint venture with Dutch firm - KTIV News 4 Sioux City IA: News, Weather and Sports

Poet LLC launches joint venture with Dutch firm


Poet ethanol company says it will decline a $105 million federal loan guarantee for its cellulosic ethanol plant in Emmetsburg, Iowa and instead launch a joint venture with a Dutch firm.

The plant at Emmetsburg is expected to start operating in the second half of next year and convert corn crop residue into 25 million gallons of ethanol per year. The Sioux Falls-based Poet is working with Royal DSM, a company based in the Netherlands that will supply yeast fermentation technology.

If federal regulators approve, the companies will produce cellulosic ethanol and license the technology to other plants around the world.

Powered by Frankly