POET to adopt FBN digital grain sustainability technology
Summary
POET, the world’s largest biofuel producer, and Farmers Business Network (FBN), a global Ag Tech company and farmer-to-farmer network, today announced that FBN’s grain origination and carbon-scoring sustainability tech platform, Gradable, will be adopted at all 33 of POET’s ethanol bioprocessing facilities, creating the world’s largest integrated infrastructure to source and sell low-carbon grain for the biofuels supply chain. POET, the world leader in ethanol production, sources more than 930 million bushels of grain annually from across the Midwest region. “Today, they want to be part of the climate solution, and we want to partner with farmers who share our vision to create a more sustainable world. Gradable is a significant step in combining agriculture, environmental sustainability, and technology to ultimately create even greener bioproducts that will drive a low-carbon future.” “Gradable is the technology platform that can pave the way for low-carbon food and fuel supply chains because global markets have been waiting for a carbon accounting system that can cost effectively collect, verify, score and track farm level carbon data,” said Amol Deshpande, CEO and co-founder of Farmers Business Network. POET is one of the largest corn buyers in the world and farms will continue to benefit from their innovation and premiums for sustainably grown grain.”