On first anniversary of pilot plant start-up, POET announces cost reductions in cellulosic ethanol
POET announced today that cost reductions achieved over the past year of operating their cellulosic ethanol pilot plant have exceeded expectations in their drive to commercialize the process. Reductions in energy usage, enzyme costs, raw material requirements and capital expenses have reduced POET’s per gallon cost from $4.13 to $2.35 over the course of the past year, and the company’s goal is to be below $2 by commercial plant start-up.
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