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POET, LLC.

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POET, LLC. - Chemicals & Materials showcase

Year Founded & Workforce

1986

2,200 Employees

Industry

Chemicals & Materials

Services

Carbon-Neutral Fuels
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POET, LLC. Employee Contacts

177 verified contactsNames, job titles, seniority and locations

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POET, LLC. Overview

Company Headquarters: South Dakota, United States

Founded: 1986

Workforce: ~ 2200

Company Working: The company POET, LLC produces ethanol and other biorefined goods. The company sells plastic items, ethanol, food, feed, oils, lubricants, and films. Customers of POET are located throughout the US. The company was established in 1987 and has expanded from a single, small bioprocessing facility in Scotland, South Dakota to become one of the world's largest producers of biofuel and a specialist in sustainable bioproducts. The company's current headquarters are in Sioux Falls, South Dakota, and it currently employs more than 2,200 people throughout 33 bioprocessing plants in eight states. Research and development are combined with knowledge in design and construction, technology, operations, public affairs, and marketing in the company's integrated business model. The company's integrated business model combines research and development with competence in design and construction, technology, operations, public affairs, and marketing. By developing plant-based substitutes for petrochemicals, such as the company's Dakota Gold and NexPro distillers grains, Voilá corn oil, sustainable biofuel, biogenic CO2 and dry ice, purified alcohol, and JIVE asphalt rejuvenator, the company aims to unlock the regenerative power of agriculture.

Strategy

The goal of POET is to live in a balanced natural environment. where people make advantage of the Earth's great capacity for regeneration rather than stealing from it. where people no longer rely on fossil fuels and instead depend on the might of nature and the brilliance of the human spirit. Farmers are the creators and inventors are the heroes in this world. The goal of the company is to effectively use human resources to transform renewable resources into electricity and other useful things.

Company Snapshot

2,200

Employees

1986

Founded

South Dakota, United States

Headquarters

SWOT Analysis

Strengths

  • The company has a strong brand recognition
  • Company’s historic market presence
  • POET, LLC. has a strong market leadership position in the industry. It has helped the company to rapidly scale new

Weaknesses

  • High attrition rate in work force
  • Business Model of POET LLC can be easily imitated by the competitors in the industry.

Opportunities

  • Lowering of the cost of new product launches
  • Accelerated technological innovations and advances

Threats

  • Competitors catching up with the product development
  • Commoditization of the product segment

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Key Developments

DateApproachDevelopment
–PartnershipPOET partners with SDSU, SD Mines on POET Bioproducts Institute: A new partnership among POET, South Dakota State University and South Dakota Mines will establish the POET Bioproducts Institute, an innovation center for the development of high-quality bioproducts. The facility will allow for research collaboration and provide students with courses in bioprocessing and value-added agriculture.
–ExpansionPOET Pure Biogenic CO2 and Dry Ice Business Expands: POET, has begun construction on two expansions at its Lake Crystal, Minn., and Laddonia, Mo. bioprocessing locations. These additions will allow the facilities to capture renewable CO2, a co-product of POET’s bioethanol production process, to be sold for commercial use.

Product Offering

  • POET, LLC.
    • Carbon-Neutral Fuels

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