POET finalizes purchase of Green Plains Obion

In Tennessee, POET has finalized its acquisition of Green Plains Obion, which will now be known as POET Bioprocessing – Obion, a bioethanol facility in northwestern Tennessee. With this milestone, POET’s portfolio grows to 35 bioprocessing facilities across nine states, bringing its annual production capacity to 3.1 billion gallons of bioethanol. POET also produces 15 billion pounds of high-protein feed ingredients, 1 billion pounds of corn oil used for renewable diesel, and 800,000 tons of bioCO2 used in food, beverage, and industrial applications.
The Obion facility was commissioned in 2008. It has an annual production capacity of 120 million gallons of bioethanol and sits on 230 acres, with ample corn storage and rail infrastructure.