Poet Begins Construction on New Facility in Shelbyville, Indiana

Economic Development | Press Release

Source: POET, LLC

PRES. TRUMP’S COMMITMENT TO YEAR-ROUND E15 PROVIDES MARKET FOR INDUSTRY GROWTH

Friday, October 26, 2018

SHELBYVILLE, IN (Oct. 26, 2018) – Following a strong directive from Pres. Trump to lift the outdated regulations stifling E15 fuel, POET is moving forward with full construction of a new biofuel facility in Shelbyville, Indiana.

Final permit approval came this week for the planned 80 million-gallon-per-year facility. With full construction started, the expected completion date for the nearly $160 million facility is spring of 2020.

“This is the right project in the right location at the right time,” POET CEO Jeff Broin said. “Farmers desperately need the income boost from this new market for grain, and Pres. Trump’s recent announcement of year-round E15 sales has the biofuels industry poised for new growth and prosperity. Shelbyville is leading the way for future production to meet new E15 demand. We’re excited to partner yet again with Indiana to create a cleaner, healthier environment for our children and grandchildren.”

POET Biorefining – Shelbyville will be the 28th starch biofuel plant in POET’s network, and the fifth in Indiana. It will add 45 full time jobs and $110 million in annual corn purchases for farmers in the area, primarily within a 30-mile radius. POET plans to start hiring for full-time positions in spring 2019.

New demand for biofuels is expected in coming years once the Trump Administration provides full consumer access to E15 year-round. President Trump announced earlier this month that he has directed the EPA to fix outdated regulations that limit E15 availability.

E15 is a higher octane, cleaner burning and lower cost blend of 15% biofuel. Full implementation of E15 nationwide would add 7 billion gallons of biofuels demand and an additional 2 billion bushels of corn demand for farmers who have been struggling with low crop prices and declining farm income over the last five years. This additional demand is important for communities that rely on agriculture to drive their economies.

“POET’s project provides jobs right here in Shelby county, but its indirect effects will extend well beyond that,” said Brian Asher, Shelby County Development Corporation Executive Director. “This boosts income for farmers, expands the tax base and circulates new dollars across the entire economy.”

The new facility includes POET’s state-of-the-art environmental controls and production processes. Those include features such as the proprietary Total Water Recovery, which eliminates process water discharge from the plant, and POET’s patented BPX process, which lowers energy use and increases yield, making this state-of-the-art plant even more efficient.

POET’s Shelbyville project at a glance

– 80 million gallons of clean biofuel per year
– 28 million bushels annual corn demand
– Nearly 3 million in added value for local ag products
– Nearly $160 million capital investment
– $2 million+ in annual payroll
– 45 new full time jobs
– More than 275 temporary jobs during construction

About POET

POET, the world’s largest biofuels producer, is a leader in biorefining through its efficient, vertically integrated approach to production. The 30-year-old company has a network of 27 production facilities. POET, through its joint venture with DSM, also operates a commercial-scale cellulosic ethanol plant in Emmetsburg, Iowa. For more information, visit http://www.poet.com.

Public Meeting For Comprehensive Plan

2018 Comp Plan Update | Planning and Building

Over the past few months, we’ve been working hard to gather as much input as possible from community members, and now it’s time to reveal the major goals of the Updated Shelbyville Comprehensive Plan!

After launching this process in early 2018, the project team has been working diligently to solicit feedback from community members and stakeholders to better shape this plan. This public outreach process resulted in over 1,000 members of the public providing feedback and over 10 hours of focus group interviews, which our team has used to develop the goals and objectives of this plan. We are now at the point where we are ready to reveal the goals of our Community’s Updated Comprehensive Plan, and we want to invite the entire community to participate this evening. We will be hosting a brief presentation, followed by a session where you will be able to speak one-on-one with members of the project team to provide further feedback and refinement on the goals that form the final Comprehensive Plan document.

Join us on November 1st at The Strand Theatre for our second public meeting on the Comprehensive Plan. We will start with a presentation on the draft followed by an interactive session where you will be able to comment on the goals and provide additional feedback.

 

Link to Facebook Event