Poet looks at bankrupt ethanol plants

Reuters
Tue Jun 2, 2009 7:16pm

NEW YORK (Reuters) - Poet, the largest U.S. producer of ethanol, is interested in buying new distilleries including ones from recently bankrupt companies, and has "multiple trade secrets" that could help make them profitable, the company's chief executive said.

"We're looking at all of the opportunities out there that reasonably fit within our model," Jeff Broin, the chief executive of privately held Poet, told the Reuters Global Energy Summit by telephone.

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