In a previous post, I said that Jeff Broin, the Chief Executive Officer for POET, would be speaking to the Reuters Global Energy Summit. He had a one hour conversation with several Reuters energy correspondents that covered a wide range of topics about POET and the ethanol industry. A transcript of his prepared remarks can be read here.
During the Q&A session that ensued, Jeff was asked about the growth strategy for POET and whether or not that included any acquisition targets. Jeff said that we were looking at all options and were in talks with some plants about acquiring them. That became the focus of the Reutuers story: POET looks at bankrupt ethanol plants.
Perhaps the most prominent speaker at the Summit also commented on ethanol. Secretary of Energy Steven Chu agreed with Jeff that the U.S. Environmental Protection Agency should increase the base blend of ethanol. If you agree, go to www.GoE15.com and send your comments to the EPA.
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