Ethanol profit margins have done a 180 since the height of the pandemic and are at near record levels. Industry estimates put margins at 75-cents to over $1.00 per gallon depending on the plant. POET President and Chief Operating Officer Jeff Lautt says as the economy has opened up the demand for gasoline has recovered and so has ethanol production and profitability.
Lautt says the higher prices for crude oil and unleaded gas verses ethanol prices are currently driving the margins for ethanol. However, in the future he thinks the increased demand for biofuels will drive those profits.
He says the possibilities are endless for agriculture and the use of biofuels to meet the carbon neutral goals across globe.
Lautt says POET recognized the solutions biofuels could provide for the economy and the environment nearly 35 years ago when the company started and that’s why they’re the largest biofuels producer in the world.
