Poet takes on climate challenge in 2021, looks ahead to 2022
Summary
“Every person, every business has a responsibility to keep moving our world toward sustainability,” Poet Founder and CEO Jeff Broin said. “At Poet, that includes growing our business of producing biofuel and other valuable bioproducts for the world, but it goes beyond that. And it means being visible, telling the hard truths and gaining advocates for environmental responsibility.” The biggest news of the year for Poet was the acquisition in June of six bioprocessing facilities in Iowa and Nebraska as well as two terminals in Texas and Georgia that brought the company’s annual production capacity to 3 billion gallons of bioethanol. In September, Poet released its inaugural sustainability report along with a pledge to achieve net-zero emissions at its bioprocessing facilities by 2050. “Midwestern states will play a major role in moving our world away from fossil-based fuels and products and toward a cleaner, more climate-friendly future.