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Poet plans new biorefinery to meet expected demand for E15

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Successful Farming: Poet, the South Dakota biofuels company with four refineries in Iowa, plans to build an 80 million-gallon-per-year ethanol plant in Indiana, motivated in large part by President Donald Trump’s support of year-round sales of gasoline blended with 15 percent ethanol, or E15. The facility will be the 28th starch biofuel plant in Poet’s network, and the fifth in Indiana. It will add 45 full-time jobs and $110 million in annual corn purchases for farmers in the area, primarily within a 30-mile radius. Poet plans to start hiring for full-time positions in spring 2019. Though industry experts see year-round E15 sales moving the ethanol demand needle very little, Poet officials are relying on Trump’s directive getting governmental approval.