With its patent-pending technology expanding to a total of 6 plants, POET will produce corn oil as feedstock for 12 million gallons of biodiesel per year by the end of 2011.
Under the name, Voilà, POET has been selling corn oil separated from DDGs into biodiesel and feed markets since January, and new capacity is now coming online as the company continues to roll out the technology to more plants.
A South Dakota POET plant was the first to produce Voilà. Since then, the technology has been installed in five more POET plants, with more on the way in 2012. There are plants producing corn oil today in Iowa and a plant in Missouri is just starting. There are plans to bring the technology to Ohio in the future. The oil is separated from around 40% of the nation’s DDGs currently and will be closer to 60% by 2013.
“Voilà has been a very strong part of POET’s business this year, and I’m excited to see more plants getting this technology,” said Jeff BroinPOET founder and CEO Jeff Broin said. “The more we can diversify into new profitable products, the more successful our plants will be.”
Voilà is just one item on POET’s growing list of products created at its plants. In addition to ethanol, POET produces quality products for animal feed including Dakota Gold distillers dried grains. POET also captures carbon dioxide at seven of its plants for sale to beverage producers, and the company last year unveiled Inviz, a product used to replace petroleum-based films and coatings.
“This is pretty exciting. We’re producing energy as a by-product of energy,” Broin said. “It’s incredible to see how many different things we can get from a kernel of corn.”