Project LIBERTY's economic impact

Last week, the Iowa Power Fund released an economic impact study looking at the 31 projects they funded. One of those was Project LIBERTY, about which the study had this to say:

The research being conducted at POET Project Liberty is on the cutting edge of ethanol production research and has the potential to provide significant benefit to the State of Iowa. The project includes the transformation of a traditional ethanol biorefinery into an integrated corn‐to‐ethanol and cellulose‐to‐ethanol biorefinery. POET hopes to validate the technology and economics at commercial scale at multiple POET biorefineries in Iowa. The project will use corn grain and corn cobs to produce conventional and cellulosic ethanol in one facility. The corn suppliers and biorefinery operators seek to take advantage of the economies of scope ‐ reducing total average cost by increasing the number of different products produced. The POET project will reduce the state’s reliance on foreign oil by producing ethanol from renewable agriculture crops produced in Iowa.

For the economic impact, see the press release we issued last week.