Poet offers new details on cellulosic ethanol plant, including $30-$60 per ton range for corn fiber and cob purchases

In Iowa, Poet added new details regarding its Emmitsburg, IA cellulosic ethanol plant, jointly funded with the US Department of Energy. The plant will produce 125 Mgy of ethanol, of which 25 Mgy will come from corn fiber and cobs.

The plant, which will be operational in 2011, will pay between $30 and $60 per ton of cobs and fiber for the 850 tons per day required by the plant. The cob price equates to a price of $0.63 and $1.26 per bushel, compared to $3.60 per bushel for corn.

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