The POET Board is considering a potential corporate action that requires trading to be temporarily shut down. Investors will be informed once more information is available.
POET Holding Company, LLC (POET) is a fully-integrated business that includes 29 individual ethanol plant operations along with technology development and licensing, plant management, ethanol and co-product marketing, grain procurement, engineering design & construction services, and more.
POET is the largest biofuel producer in the world, with over 2 billion gallons of total ethanol capacity. At full rate, we grind nearly 700 million bushels of corn annually, which is approximately 5% of the US corn crop.
We produce and market a diversified product portfolio that includes ethanol, higher protein/low fat distiller’s grains, beverage-grade CO2 and dry ice. In addition, throughout its history POET has been at the forefront of innovation in the biofuels industry, and has developed many unique products including JIVE, an asphalt rejuvenator made from corn oil; Ripple, an industrial defoaming agent; Dakota ProPellets and cubes for cattle feed, as well as many other exciting products in development.
We are proud to positively impact the economies of our local communities through improved corn basis, increased local tax revenues, and support for hundreds of direct and indirect jobs.