(Emmetsburg)– Sioux falls-based POET is getting more federal money for its effort to turn corn cobs into cellulosic ethanol.
POET plans a $250 million plant in Emmetsburg. The pant is expected to produce about 25 million gallons of ethanol per year when it opens in 2011.
The U.S. Department of Energy says it is giving POET two funding increases–about 6.9 million dollars this year and 13.2 million next year-to bring the department’s total commitment to 100 million dollars. POET says the money will speed up the effort to get cob-harvesting techonology into fields.
The POET plant will be attached to the existing grain ethanol plant at Emmetsburg. Official say it could generate as much as 10 million per year in extra income for farmers.
(Story from the Associated Press.).
