POET, Perdue AgriBusiness form partnership
Perdue AgriBusiness and POET announced today the formation of a new partnership to promote and represent POET’s Dakota Gold BPX premium distillers grains product line in domestic and international feed markets.
The partnership will advance POET Nutrition’s eastern U.S. and international market growth. Perdue AgriBusiness will be POET’s sales agent in the Mid-Atlantic region and one of its representatives in international markets. Perdue AgriBusiness will handle POET’s domestic sales through its extensive agricultural network and execute international sales through its export terminal in Virginia.
Dick Willey, President of Perdue AgriBusiness, said, “This opportunity to collaborate with POET enables us to work with not only an industry leader in the production of renewable fuels but also a company that shares our longstanding commitment to quality products and services.”
He added, “Working with POET supports our growth strategy to expand our involvement with renewable fuels. The Dakota Gold program has been well-received by our domestic and international customers and is a welcome addition to our product line.”
POET’s exclusive BPX technology, which eliminates the “cooking” process from ethanol production, provides a unique, high quality DDGS (Dakota Gold BPX). Dakota Gold BPX is preferred around the world due to the high, consistent quality and flowability of the product.
“In Perdue AgriBusiness we saw a company with a history and culture very similar to our own,” said Jeff Lautt, Executive Vice President at POET. “In this partnership, we saw an opportunity to provide additional value to downstream consumers. This alliance further illustrates how we can work in harmony to make a positive difference in today’s dynamic feed markets.”
About Perdue AgriBusiness
Perdue AgriBusiness is a wholly owned subsidiary of Perdue Incorporated. Ranked among the largest grain companies in the U.S., Perdue AgriBusiness is a leading merchandiser, processor and exporter of agriculture products. Through its 40 elevator locations with more than 60 million bushels of storage, four transload facilities, three protein blend mills, three soybean crushing operations, an edible oil refinery and two rendering facilities, Perdue AgriBusiness serves agricultural markets across the United States and around the world.
About POET and POET Nutrition
POET, the largest ethanol producer in the United States, is a leader in biorefining through its efficient, vertically integrated approach to production. The 20-plus year old company produces more than 1.54 billion gallons of ethanol annually from 26 production facilities nationwide. POET promotes clean, green ethanol as America’s best renewable fuel and through POET Nutrition offers over 4 million tons of high quality and consistent Dakota Gold branded products to customers worldwide.
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