While POET's annual biofuel capacity has grown to 1.9 billion gpy, and will reach 2 billion by 2019, ADM has cut its market exposure and biofuel production to about 1.6 billion gpy, according to company data.
The U.S. ethanol industry has total production capacity of more than 16 billion gpy, according to Reuters.
(Source: Reuters, Country Guide, 1 May, 2018)
Contact: Archer Daniels Midland, Juan Luciano, Pres., CEO, (312) 634-8100, www.adm.com; POET, Jeff Broin, Pres., (605) 965-2200, www.poet.com
More Low-Carbon Energy News Archer Daniels Midland, POET, Ethanol, Biofuel,
Merritt says by taking the cellulosic feedstock -- corn stover, cobs, leaves, husks -- and processing it so that enzymes and yeast can access the cellulosic sugars, it then ferments them into biofuel. The process benefits biofuel plants as well as farmers and the environment, according to Merritt. (Source: POET DSM, WNAX Radio, 6 Nov., 2017)Contact: POET LLC, Jeff Broin, CEO, Jeff Lautt, Pres., COO, (605) 965-2200, www.poet.com
More Low-Carbon Energy News POET DSM, Cellulosic, Ethanol, Corn stover,