POET-DSM Advanced Biofuels. It's a cooperative effort that offers the key to unlocking the cellulosic bio-ethanol opportunity for the world.
POET, based in Sioux Falls, South Dakota, is one of the world's largest ethanol producers, with a 25-year history as an American renewable fuel pioneer. The company, with 27 grain ethanol plants, has expertise in organizing feedstock availability, conditioning and storage.
Royal DSM, a global science-based company active in health, nutrition and materials, has a decades-long legacy of driving environmental progress and technological advancement. DSM has a proven track record in scaling up industrial and biotechnological operations and has a leadership position in conversion technologies (yeast and enzymes) for cellulosic biomass to ethanol. DSM is the only company that can co-ferment all C6 and C5 sugars (xylose & arabinose).
POET-DSM Advanced Biofuels builds on the strengths of both companies to create a joint venture with a critical mission –- making cellulosic bio-ethanol competitive with grain ethanol, the most competitive renewable liquid transportation fuel on the market today.
It all starts with Project LIBERTY, POET's ongoing cellulosic bio-ethanol effort taking place right now in Emmetsburg, Iowa. POET-DSM Advanced Biofuels intends to globally license an integrated technology package that converts corn crop residue to cellulosic bio-ethanol to third parties, as well as the other 26 existing corn ethanol plants in POET's network.
It's a partnership that will boost renewable fuels to a new level of commercialization.