Progress on cellulosic ethanol

At the 2009 Fuel Ethanol Workshop today, POET Chief Executive Officer Jeff Broin gave an update on the company's progress toward commercializing cellulosic ethanol.

The announcement had two main parts:

1. An anaerobic digester has been installed at the pilot cellulosic ethanol plant in Scotland allowing POET to use the waste from the corn cob to provide energy to the plant.
2. The creation of POET Biomass, a new business unit that will be charged with procuring feedstock for cellulosic ethanol production and alternative energy generation.

Audio from the press conference is available on Domestic Fuel.