{"id":56770,"date":"2018-09-25T06:55:58","date_gmt":"2018-09-25T04:55:58","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=http%3A%2F%2Fwww.biofuelsdigest.com%2Fbdigest%2F2018%2F09%2F19%2Fpoet-opens-its-marion-biorefinery-expansion-boosting-production-by-80-million-gallons%2F"},"modified":"2018-09-22T20:55:10","modified_gmt":"2018-09-22T18:55:10","slug":"poet-biorefining-marion-opens-80-million-gallon-expansion","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/poet-biorefining-marion-opens-80-million-gallon-expansion\/","title":{"rendered":"POET Biorefining \u2013 Marion opens 80 million-gallon expansion"},"content":{"rendered":"<p><strong>POET Biorefining \u2013 Marion opened an 80-million gallon expansion today at a celebration that included area farmers, community members and state officials.<\/strong><\/p>\n<p>With this expansion in place, POET Biorefining Marion now has an annual capacity of 150 million gallons of clean-burning biofuel and 360,000 tons of high-protein animal feed per year. New production from this facility adds 26 million bushels of annual corn demand for area farmers at a time when agriculture faces serious economic challenges. The $120 million project also added 225 temporary jobs throughout the course of its construction.<\/p>\n<p>POET President and COO Jeff Lautt said the facility has enjoyed strong community support and successful operation since it first started producing biofuel.<\/p>\n<p>\u201cMarion and the entire state of Ohio have been fantastic partners throughout the growth of POET and the entire biofuel industry,\u201d Lautt said. \u201cThis expansion will dramatically expand local farmers\u2019 markets for grain and provide about 20 new jobs for the area. We\u2019re excited to build on our relationship with the hard-working people here in Marion.\u201d<\/p>\n<p>More than four years of low commodity prices across the Midwest have created severe challenges for farmers. Recent instability in trade markets have aggravated the problem, highlighting the need for long-term, stable, domestic grain demand. POET CEO Jeff Broin said the answer is E15, a 15% biofuel blend that \u2013 due to an outdated regulation \u2013 is only approved for use from September to June.<\/p>\n<p>\u201cWe can reinvigorate the rural economy with more investments like this when Americans finally get the freedom to buy E15 year-round,\u201d Broin said. \u201cNationwide adoption of E15 will add 2 billion bushels of corn demand per year, bringing down worldwide surpluses and increasing commodity prices for farmers here at home. America needs more cleaner-burning homegrown fuels, and farm families in communities like Marion desperately need the added value that year-round E15 can deliver.\u201d<\/p>\n<p>General Manager Rick Fox said the team members, farmers and community members should be proud of their success over the last decade.<\/p>\n<p>\u201cThis expansion is a testament to what our team members and farmers have accomplished here since the plant opened 10 years ago,\u201d he said. \u201cThis community has emerged as a leader in producing clean, homegrown fuel for drivers across America and around the world.\u201d<\/p>\n<p>\u201cOhio\u2019s farmers continue to innovate, improve, and produce higher yields, making POET\u2019s expansion timely and important,\u201d said Ohio Department of Agriculture Director David T. Daniels. \u201cThis investment will provide greater opportunity for Ohio\u2019s producers, helping the food and agriculture industry continue to grow in our state.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>POET Biorefining \u2013 Marion opened an 80-million gallon expansion today at a celebration that included area farmers, community members and state officials. With this expansion in place, POET Biorefining Marion now has an annual capacity of 150 million gallons of clean-burning biofuel and 360,000 tons of high-protein animal feed per year. New production from this [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5818,5831,5829],"supplier":[2418],"class_list":["post-56770","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biofuel","tag-biorefinery","tag-economy","supplier-poet-llc"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/56770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=56770"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/56770\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=56770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=56770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=56770"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=56770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}