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.
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$53.8M
Headquarters
Sioux Falls, South Dakota
Founded
1983
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