Poet holds grand opening for Indiana plant

By Bryan Sims | September 08, 2008
Web exclusive posted Sept. 15, 2008 at 9:44 a.m. CST

Sioux Falls, S.D.-based ethanol producer Poet LLC held a grand opening for its 65 MMgy ethanol plant in North Manchester, Ind., on Sept. 11. The opening of the facility marks the company's 23rd ethanol plant to come on line, increasing Poet's total U.S. production capacity to 1.24 billion gallons.

The $130 million plant will be able to take in approximately 22 million bushels of corn. According to Poet, corn price improvement for area farmers is $3 per bushel to $6 per bushel.

The grand opening event featured public tours of the facility and a Vanguard Squadron fly-over for the public. Indiana Gov. Mitch Daniels and Poet Chief Executive Officer Jeff Broin spoke during the event.

Poet has two 65 MMgy ethanol plants under construction in Ohio; one in Marion and the other in Fostoria. The company is slated to hold a grand opening of its Fostoria facility on Sept. 30.