The nation’s biggest ethanol producer, POET, is cutting back on production.
POET says it will idle its Cloverdale, Indiana plant and reduce output at half of its other facilities, with the largest drops taking place in Iowa and Ohio. The company says the production cutback will reduce its corn demand by 130 million bushels annually.
POET chairman and CEO Jeff Broin says the move was prompted by recent decisions by the Trump Administration regarding RFS Small Refinery Exemptions.
Continue reading POET is cutting ethanol production; blames ‘oil bailouts’ at Brownfield Ag News.
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