Poet LLC

  • Updated: August 17, 2011 - 9:53 AM

 

Based: Sioux Falls, S.D. CEO: Jeff Broin Plants: 27 in seven states.

History: After experiments on their farm in Wanamingo, Minn., the Broin family opened a commercial ethanol plant in Scotland, S.D., in 1988. The company grew by expanding the plant and building new ones, typically in partnership with farmer investors. In 2007 the name changed to Poet LLC.

Annual production: 1.7 billion gallons of ethanol; 9 billion pounds of animal feed.

Minnesota plants: Bingham Lake, Glenville, Lake Crystal, Preston.

Financial: Privately held, local investors in most plants.

Source: Poet LLC

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