POET to host grand opening for ethanol production facility in Fostoria, Ohio on September 30
Second of three Ohio plants for POET makes it the largest producer in the state
Tuesday, September 09, 2008 - Plant News & Announcements
SIOUX FALLS, S.D. (September 9, 2008) – On September 30, POET will host a grand opening event for POET Biorefining – Fostoria, a $130 million ethanol production facility near Fostoria, Ohio. It will be the 25th POET production facility and the second in the state of Ohio, making POET the largest ethanol producer in the state of Ohio, in addition to being the largest producer in the world. The program is open to the public.
The event will be held at the facility (2111 Sandusky St) with guided public tours beginning at 9:30 a.m. At 10:45 a.m. the crowd will be treated to a flyover from the Vanguard Squadron – the world’s only 100 percent ethanol-powered aerobatic fleet. The speaking program, featuring POET CEO Jeff Broin, will start at 11:00 a.m. and lunch will be served by Greenbriar Catering from 12:00 to 1:30 p.m. Tours will resume at 12:30 a.m. and run through 2:30 p.m.
Schedule of events:
9:30 – 10:45 a.m. Public tours
10:45 a.m. Vanguard Squadron Fly-over
11:00 a.m. – noon Speaking program
Noon – 1:30 p.m. Lunch
12:30 p.m. – 2:30 p.m. Public tours
Attendees will also be able to view a life-sized replica of the #17 Ethanol Car from the Indy Racing League that is co-sponsored by POET. Public parking for the event is available at the stadium, a stadium overflow lot and at the Nazarene Church. Buses will run to and from the public parking place and the facility throughout the day.
POET Biorefining – Fostoria will produce 65 million gallons of ethanol per year from more than 22 million bushels of local corn and provide around 40 jobs with an annual payroll of approximately $2 million. It will be the second ethanol plant opened by POET in Ohio with another to open in near Marion later this quarter. Once the Fostoria facility is operational, POET’s annual production capacity will be 1.47 billion gallons.
The largest ethanol producer in the world according to the Renewable Fuels Association, POET is an established leader in the biorefining industry through project development, design and construction, research and development, plant management, and marketing. The 20-year old company currently operates 23 production facilities in the United States with three more under construction. The company produces and markets more than 1.3 billion gallons of ethanol annually. For more information, go to http://www.poet.com