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POET Receives Additional $76 Million in Federal Funding For Commercialization of Cellulosic Ethanol
Date:10/7/2008

te the commercialization of cellulosic ethanol."

Project LIBERTY, the transformation of a 50 MGPY grain-to-ethanol plant in Emmetsburg, Iowa into an integrated corn-to-ethanol and cellulose-to-ethanol biorefinery, is jointly funded by POET and the DOE. Once complete, the facility will produce 125 MGPY, of which 25 million gallons will be from corn fiber and corn cobs. By adding cellulosic production to an existing grain ethanol plant, POET will be able to produce 11 percent more ethanol from a bushel of corn and 27 percent more from an acre of corn while reducing fossil fuel consumption and water use. Construction is projected to begin in 2009 and production of cellulosic ethanol could come as early as 2011.

About POET
The largest ethanol producer in the world according to the Renewable Fuels Association, POET is an established leader in the biorefining industry through project development, design and construction, research and development, plant management, and marketing. The 20-year old company currently operates 25 production facilities in the United States with one more under construction. The company produces and markets more than 1.4 billion gallons of ethanol and 350 million tons of distillers grains annually. For more information, go to http://www.poet.com.

CONTACT:
Nathan Schock, Director, Public Relations
Phone: (605) 965-6428   Mobile: (605) 759-4802
E-mail: nathan.schock@poet.com

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