The company said it will begin installation work this year on the first plant.
POET’s brand of corn oil is obtained through the low-energy BPX fermentation process which eliminates heat from fermentation, and the oil is free of fatty acids.
POET is now selling Voilà corn oil from its biorefining plant in South Dakota, US, into biodiesel and feed markets.
POET CEO Jeff Broin said through continuous research into more and more co-products, the company’s ability to displace foreign oil continues to grow.
