The project, called Project Liberty, is sponsored by POET and will produce up to 25 million gallons of ethanol per year.

POET estimates that the project will bring about $14m in new revenue to area farmers.

Project Liberty will use corncobs, leaves and husks, sources provided by local farmers, and the project’s process uses enzymatic hydrolysis to convert waste into ethanol and will produce enough biogas to power both Project Liberty and POET’s adjacent grain-based ethanol facility.

Project Liberty will displace over 13.5 million gallons of gasoline annually and fulfill about 25% of the projected 2013 Renewable Fuel Standard Requirement for biomass-based cellulosic ethanol.