POET announces $115 million upgrade to Marion biorefinery

In Ohio, POET Biorefining – Marion (Ohio) is undergoing an expansion to more than double its capacity from nearly 70 million gallons per year to 150 million gallons per year, improving the grain market for local farmers and adding new jobs to the community. With the expansion, high-protein animal feed production will also grow from 178,000 tons to approximately 360,000 tons annually.

With the increased production, corn purchases from area farmers will grow from the current 24 million bushels to approximately 50 million bushels annually, improving the grain market for farmers at a time when agriculture is facing challenging commodity prices, farm incomes and land values. POET today spends more than $330 million on Ohio corn annually.

POET: The Digest’s 2015 5 Minute Guide