Poet and DSM Create Joint Venture for Cellulosic Ethanol
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Poet LLC, the largest U.S. corn-based ethanol producer by installed capacity, established a joint venture with Royal DSM NV to produce cellulosic ethanol and license the technology to other plants in the U.S. and globally.
The companies will each own 50 percent of the joint venture, named Poet-DSM Advanced Biofuels LLC, Poet said today in a statement. Its headquarters will be in Sioux Falls, South Dakota, where closely held Poet is based.