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Author	Topic: POET, Royal DSM announce ethanol joint venture	Post a Reply Back to Topics

tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Jan 23, 2012 3:29:18 PM Ignore tropicalmn Report Abuse POET has announced a joint venture with a Dutch enzyme producer to build its first ethanol plant fed by corn stalks and cobs rather than kernels. It also said the 50-50 venture with Royal DSM NV will finance the $250 million cellulosic ethanol plant now under construction in Emmetsburg, Iowa, with private capital, and turn down a Department of Energy $105 million loan guarantee approved last year.

tropicalmn

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Minnesota

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Message Posted: Jan 23, 2012 3:29:18 PM

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POET has announced a joint venture with a Dutch enzyme producer to build its first ethanol plant fed by corn stalks and cobs rather than kernels.

It also said the 50-50 venture with Royal DSM NV will finance the $250 million cellulosic ethanol plant now under construction in Emmetsburg, Iowa, with private capital, and turn down a Department of Energy $105 million loan guarantee approved last year.

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stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Jun 5, 2012 7:56:04 AM Ignore stickyvalves Report Abuse I haven't been past this construction for a while. Maybe one day soon. Curious to see if any progress and if they have sold all their stalk bales yet.
reb4 Champion Author Chicago Posts:19,127 Points:1,824,075 Joined:Sep 2004	Message Posted: Jun 4, 2012 1:08:34 PM Ignore reb4 Report Abuse ethanolbob, ever look past on all the "hope" of the cellulosic ethanol even you posted about back in 2008 or so... So far not much has changed... Thought it appears alot of foreign companies seem to be taking advantage of the grants from state and feds..
ethanolbob All-Star Author Maryland Posts:716 Points:137,325 Joined:Aug 2007	Message Posted: Jun 4, 2012 11:25:32 AM Ignore ethanolbob Report Abuse Perhaps Poet will get it right.
tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Mar 14, 2012 10:14:15 PM Ignore tropicalmn Report Abuse POET breaks ground on Liberty plant I didn't go it would've been about two hour drive.Prefer to tour the plant when it's operational. If anyone's interested Sioux City television station covered the ground breaking ceremony. [Edited by: tropicalmn at 3/15/2012 1:16:06 AM EST]
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Mar 14, 2012 1:33:28 PM Ignore stickyvalves Report Abuse Did anyone go to this groundbreaking ceremony? I was too busy elsewhere.
chemist74 Champion Author Cleveland Posts:13,510 Points:2,395,980 Joined:Apr 2005	Message Posted: Mar 13, 2012 5:01:51 AM Ignore chemist74 Report Abuse Over the last few years a lot of companies have announced plans to build a cellulosic ethanol plant but I am not aware of any commercial scale cellulosic ethanol plants that are operating at a profit. Talk is cheap.
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Mar 12, 2012 6:19:59 PM Ignore stickyvalves Report Abuse The fields I have seen in that area have more than one ton of stalks removed. That is an estimate based on field appearance. I have not been able to learn the bales sales price yet. I'm sure they moved their program off site because of the bale hauling activities still going on at the piling site adjacent to their future plant site.
MaggieMae07 Champion Author South Dakota Posts:27,978 Points:2,053,585 Joined:Sep 2006	Message Posted: Mar 12, 2012 1:09:03 AM Ignore MaggieMae07 Report Abuse The Wild Rose is a pretty decent casino.. with a nice hotel.
tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Mar 11, 2012 8:30:12 PM Ignore tropicalmn Report Abuse Anybody think it’s a bit ironic that the POET cellulosic ethanol plant ground breaking is being held at a casino?LOL REMEMBER: Project LIBERTY Groundbreaking Tuesday, March 13th Wild Rose Casino 10:30 a.m. - Groundbreaking program 11:30 a.m. - Lunch Join us to commemorate this historic event! [Edited by: tropicalmn at 3/11/2012 11:31:02 PM EST]
chemist74 Champion Author Cleveland Posts:13,510 Points:2,395,980 Joined:Apr 2005	Message Posted: Feb 22, 2012 8:23:23 AM Ignore chemist74 Report Abuse As fast as these projects go bankrupt others are announced. Eventually, someone will figure out how to actually do it economically.
tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Feb 22, 2012 7:52:43 AM Ignore tropicalmn Report Abuse Here anything about price paid vs what they resell stalk bales for? More money made or less lost then making cellulosic ethanol?:) I assume farmers would still get paid from the Biomass Crop Assistance Program also each year. POET claims to be removing only one ton per acre of corn stalks from a corn field which would in most cases should leave a decent amount of residue. Anyone see & have a opinion as to whether much stalk residue still remains after baling? I'm having trouble envisioning baling something like 300,000 acres of corn stalks for ONE cellulosic ethanol plant.
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Feb 22, 2012 6:43:11 AM Ignore stickyvalves Report Abuse Poet is reselling all the stalk bales to cattle lots like they did last year. Our tax money hard at work.
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Feb 3, 2012 8:31:05 PM Ignore stickyvalves Report Abuse BCAP must now have funding. Bales are being hauled to Emmettsburg.
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Feb 3, 2012 4:05:49 AM Ignore stickyvalves Report Abuse Haven't been through Blairstown for some time. Maybe I'll check it later this month. That was a 10 million gallon corn plant that never worked very well. It has been remodeled twice with little improvement.
goldseeker Champion Author West Virginia Posts:19,559 Points:2,720,765 Joined:Sep 2005	Message Posted: Feb 3, 2012 3:03:50 AM Ignore goldseeker Report Abuse Hey Sticky, do you know what is going on at the Fiberight plant in Blairstown. I was suppose to convert over to cellulosic ethanol.
moe81272NH All-Star Author New Hampshire Posts:500 Points:501,835 Joined:Jul 2011	Message Posted: Feb 3, 2012 12:22:09 AM Ignore moe81272NH Report Abuse great
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Feb 1, 2012 5:31:45 AM Ignore stickyvalves Report Abuse There is a stack of square cornstalk bales at their site. I saw a pickup taking soil cores back in November, and he left stakes in the ground. With little or no snow, they are still standing. There is no construction yet. That is why earlier I call this a "slow race".
tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Jan 31, 2012 11:14:32 AM Ignore tropicalmn Report Abuse Jeff Broin stated on the radio today POET would have there official Emmetsburg,IA ground breaking March 22. Stickyvalves, I notice you regularly post Nevada,IA E85prices.Could you please update if any work has been done at the DuPont Danisco Cellulosic Ethanol site?
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Jan 29, 2012 12:23:23 PM Ignore stickyvalves Report Abuse I'll be watching to see when POET starts their plant construction.
maryph1958 Champion Author Cincinnati Posts:1,420 Points:283,095 Joined:Sep 2011	Message Posted: Jan 27, 2012 9:20:58 AM Ignore maryph1958 Report Abuse i see
rhail2 Champion Author Kentucky Posts:1,452 Points:287,485 Joined:Apr 2011	Message Posted: Jan 26, 2012 7:36:29 AM Ignore rhail2 Report Abuse good
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Jan 26, 2012 6:43:00 AM Ignore stickyvalves Report Abuse This reminds me of a "slow race". Everybody has to be moving, but nobody wants to cross the finish line first.
goldseeker Champion Author West Virginia Posts:19,559 Points:2,720,765 Joined:Sep 2005	Message Posted: Jan 25, 2012 3:59:53 AM Ignore goldseeker Report Abuse The race is on!
tropicalmn Sophomore Author Minnesota Posts:172 Points:146,115 Joined:Mar 2011	Message Posted: Jan 24, 2012 10:08:55 AM Ignore tropicalmn Report Abuse While I was very surprised also to not only see POET in a 50-50 joint venture,even more surprised to see them ever turn a DOE loan the was guaranteed. Then again Royal DSM is a diversified company that was suppose to have had 10 Billion in sales in 2010 so they have the deep pockets.More importantly a technology partner that will be reducing the major cost of enzymes because POET plans to make enzymes at the ethanol plants (estimated at 50 cents per gallon of ethanol)instead of shipping them in. If you look at Jacksfans post "Biofuel business sees potential as plant nears completion" POET was suppose to be working with Novozymes who just built a new plant in Nebraska to provide the enzymes for cellulosic but apparently DSM deep pockets won out.
stickyvalves Champion Author Iowa Posts:5,285 Points:1,559,670 Joined:Oct 2005	Message Posted: Jan 24, 2012 7:43:22 AM Ignore stickyvalves Report Abuse I'm surprised that POET would enter into a joint venture with anyone. They are a very closely help corporation and just don't share anything. They may not have had much choice since Dupont became their competitor with enzymes.
SilverStreaker Champion Author Twin Cities Posts:11,946 Points:2,218,130 Joined:Mar 2006	Message Posted: Jan 24, 2012 7:10:54 AM Ignore SilverStreaker Report Abuse Good news!