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NEW YORK (Reuters) - POET, the largest biofuels producer in the United States, is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills’ ethanol assets, both companies told Reuters on Thursday.
The deal would increase POET’s potential production capacity for ethanol by more than a third to 3 billion gallons per year, said Jessica Sexe, a spokeswoman for POET.
That could help the company tap into potential growth in the biofuels market as the Biden administration considers boosting biofuels as part of a broader strategy to decarbonize the nation’s economy to fight climate change.
Biofuels processor POET in talks to acquire Flint Hills ethanol assets -companies
The deal would increase POET s potential production capacity for ethanol by more than a third to 3 billion gallons per year, said Jessica Sexe, a spokeswoman for POET.
Written By:
Stephanie Kelly / Reuters | 12:20 pm, May 13, 2021 ×
Poet s ethanol plant at Chancellor, South Dakota. (Photo courtesy of Poet)
NEW YORK POET, the largest biofuels producer in the United States, is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills ethanol assets, both companies told Reuters on Thursday.
The deal would increase POET s potential production capacity for ethanol by more than a third to 3 billion gallons per year, said Jessica Sexe, a spokeswoman for POET.