POET, the world’s largest biofuel producer, announced it plans to acquire Green Plains Obion. The Tennessee plant will increase POET’s capacity by 120 million gallons annually. The deal aims to strengthen POET’s market presence in southeastern states.
The Obion facility was built in 2008. It covers 230 acres and has excellent infrastructure, including rail access and corn storage. Its location complements POET’s existing operations in the Midwest. The company now operates 35 bioprocessing facilities across nine U.S. states. These facilities produce a total of 3.1 billion gallons of bioethanol each year.
The acquisition is expected to close in the third quarter of 2025. This expansion aligns with POET’s goal to grow its biofuel production. Jeff Broin, POET’s founder and CEO, emphasized the strategic benefits. “This deal allows us to produce more high-quality, American-made biofuels,” Broin said. “It creates grain markets for farmers and supports rural communities.”
The Obion plant’s infrastructure makes it a valuable asset. Jeff Lautt, POET’s president and COO, highlighted its importance. “Growing into southeastern markets enhances our competitiveness,” Lautt explained. “It broadens our reach for bioethanol and co-products.”
POET also produces other plant-based products. These include animal feed, corn oil, bioCO2, and purified alcohol. The company exports to more than 25 countries. In 2024, POET ranked as the 15th-largest container exporter in the U.S. The firm promotes the nationwide sale of E15, a fuel with 15% bioethanol.
Broin reflected on POET’s mission. “Nearly 40 years ago, POET was founded to revitalize rural America and improve the environment,” he said. “Today, that mission is more important than ever. We look forward to expanding our team in Tennessee and continuing to harness American agriculture.”
