POET slowing ethanol production in half of its facilities

Two people have been furloughed from the Hanlontown facility because of the hit to the ethanol market.

Posted: Aug 21, 2019 8:37 PM
Updated: Aug 21, 2019 8:47 PM

HANLONTOWN, Iowa - POET is a major producer of ethanol in the United States, with 28 biorefineries in seven states.

The company plans on slowing production in half of its facilities, even going as far as stopping production at one plant in Indiana. 

Even though the Hanlontown facility is not cutting production, the ethanol slowdown is having an impact.

Just yesterday, two employees of the Hanlontown POET biorefining facility were furloughed because of the production slowdown. General Manager Kelly Hansen says it's hard to let employees go and he's also worried about the effects on local farmers.

He says there are a number of reasons for the cut in production, but the biggest one is the waivers the EPA has given to certain refineries, which means they don't have to mix ethanol into their gasoline.

The waivers have reduced demand for ethanol by four billion gallons. Each year, about 15 billion gallons of ethanol are produced in the United States.

Article Comments

Mason City
Few Clouds
58° wxIcon
Hi: 83° Lo: 59°
Feels Like: 58°
Albert Lea
Clear
63° wxIcon
Hi: 80° Lo: 61°
Feels Like: 63°
Austin
Clear
64° wxIcon
Hi: 83° Lo: 63°
Feels Like: 64°
Charles City
Overcast
64° wxIcon
Hi: 78° Lo: 60°
Feels Like: 64°
Rochester
Clear
60° wxIcon
Hi: 81° Lo: 59°
Feels Like: 60°
A final blast of summer weather before meteorological fall in one week.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Weather Forecast 9/15

Image

Learning about water quality

Image

Tracking the Monarch butterfly's flight path

Image

Filling the boot for Easter Seals

Image

WEATHER FORECAST 2 9/14

Image

'We won't stay silent' walk raises awareness for recovery

Image

Providing smoke alarms to homes in Southeast Minnesota.

Image

Walking to end Alzheimer's

Image

Sports OT: Part 2

Image

Sports Overtime Part 1

Community Events