POET
| Company type | Private |
|---|---|
| Industry | bioethanol |
| Founded | 1986 |
| Headquarters | Sioux Falls, South Dakota |
Key people | Jeff Broin, Chairman & CEO Jeff Lautt, President & COO |
| Revenue | $6.5 billion (2017) |
Number of employees | 2,000 |
| Website | poet |
POET LLC is a U.S. biofuel company that specializes in the creation of bioethanol. The privately held corporation, which was originally called Broin Companies, is headquartered in Sioux Falls, South Dakota. In 2007, the Renewable Fuels Association named POET the largest U.S. ethanol producer, creating 1.1 billion US gallons (4,200,000 m3) of fuel per year. POET currently produces 3 billion gallons of ethanol per year, or 19% of all ethanol produced in the United States.
POET operates 34 ethanol plants spread across Indiana, Iowa, Michigan, Missouri, Ohio, Minnesota, and South Dakota. Among its coproducts in the process are feed ingredients such as distillers grains, syrup and corn oil, along with additional coproducts including an asphalt rejuvenator, liquified CO2 and dry ice.