Reuters UK reports that U. S. based-Poet may be bidding on bankrupt ethanol producer VeraSun’s facilities on the March auction block. Confirmed by Poet’s CEO, Jeff Broin, Poet is looking at a number of options, including acquiring 7 of VeraSun’s 8 facilities in the forced sale. Both companies are based in Sioux Falls, South Dakota. Despite ethanol’s grim market right now, Poet is managing to “squeeze profits” because of its high operational efficiency.
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