March 26, 2008

Madison County Ethanol Plant to Open in April

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MADISON COUNTY, IN – On Apr. 17, POET will host a grand opening event for POET Biorefining – Alexandria. The $115 million ethanol production facility in Alexandria, Ind., will be the 23rd POET production facility.

The program is open to the public and will include addresses from Lt. Governor Becky Skillman and Andy Miller, director of the Indiana State Department of Agriculture. The event will be held at the facility (13179 N 100 East) with guided public tours beginning at 9:30 a.m. The speaking program will start at 11:00 a.m. POET Biorefining – Alexandria will produce 65 million gallons of ethanol per year from more than 22 million bushels of corn from the area and provide around 40 jobs with an annual payroll of approximately $2 million.

It will be the second ethanol plant opened by POET in Indiana, while one additional plant is under construction near North Manchester. Once the Alexandria facility is operational, POET’s annual production capacity will be 1.33 billion gallons.

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