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Overview
POET produces bioethanol, distillers grains, and other eco-friendly bioproducts to power sustainable fuels and animal feed. Its bioethanol comes from fermenting corn into ethanol, while the co-products, like distillers grains, are sold to farmers, livestock producers, and industries seeking low-emission options. The process relies on bioprocessing facilities that convert corn into fuel and by-products, with a focus on higher ethanol blends to expand market adoption. POET differentiates itself through large-scale grain-based biofuel production, a wide portfolio of bioproducts, and a strong emphasis on supporting agriculture, rural jobs, and local economic development. The company's goal is to reduce emissions and promote sustainability by expanding bioethanol use and creating value from corn.
About POET
Industries
Industrial & Manufacturing
Energy
Biotechnology
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$53.8M
Headquarters
Sioux Falls, South Dakota
Founded
1983
Simplify's Take
What believers are saying
- Shelbyville expansion doubles output to 193 million gallons by late 2027.
- CF Industries pilot yields 5-6 million gallons low-carbon ethanol.
- Summit pipeline sequesters emissions from 17 POET plants.
What critics are saying
- Minnesota fines POET $52,805 for Albert Lea air violations.
- Valero's 1.2B gallons renewable diesel depresses ethanol mandates.
- Chinese 40% tariffs crash POET's 10M tons DDGS exports.
What makes POET unique
- POET produces 3.1 billion gallons bioethanol yearly from 35 Midwest facilities.
- POET develops corn fermented protein and CO2 capture beyond ethanol.
- POET partners with NASCAR as first official bioethanol sponsor.
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Funding
Total Funding
$53.8M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Holidays
Paid Parental Leave
Tuition Reimbursement
Relocation Assistance
Profit Sharing
Wellness Program
Gym Membership
Discounted Home and Auto Insurance
Employee Discounts
Company News
CF Industries and POET have launched a pilot project with major agricultural cooperatives to develop a low-carbon fertiliser supply chain. The initiative aims to reduce the carbon intensity of corn and enable production of low-carbon ethanol for motor fuel and export. The pilot includes WinField United, NuWay-K&H, New Cooperative and Farmer's Cooperative. Participants will track low-carbon fertiliser from CF Industries' production through retail distribution to corn growers across Iowa, Minnesota, Missouri and Nebraska. POET will then use the corn to produce an estimated 5-6 million gallons of lower carbon intensity ethanol. CF Industries produces low-carbon ammonia at its Donaldsonville Complex by capturing and permanently storing carbon dioxide emissions underground. At full capacity, the facility can produce up to 1.9 million tonnes annually, meeting fertiliser requirements for 19-22 million acres of planted corn.
POET to acquire Tennessee bioprocessing facility.
POET Technologies Inc. completed a non-brokered public offering, raising $25 million by issuing 5 million units at $5.00 per unit. Each unit includes one common share and one warrant, with the warrant exercisable for one common share at C$8.16 for five years.
Through POET's annual Community Impact Grant Program, individuals and organizations are invited to apply for funding for projects aimed at changing their community for the better.
CF Industries Holdings Inc. and POET LLC on July 15 announced a collaboration to pilot the use of low-carbon ammonia fertilizer to reduce the carbon intensity of corn production and ethanol.
POET is Hiring for 25 Jobs on Simplify!
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About POET
Industries
Industrial & Manufacturing
Energy
Biotechnology
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$53.8M
Headquarters
Sioux Falls, South Dakota
Founded
1983
POET is Hiring for 25 Jobs on Simplify!
Find jobs on Simplify and start your career today