# POET acquires Flint Hills Resources’ ethanol business - Pro Farmer

> POET announced it acquired Flint Hills Resources' entire ethanol business, including six plants in Iowa and Nebraska and two terminals. The deal lifts POET's ethanol capacity 40% to 3 billion gallons per year and its DDG output to 7 million tonnes annually.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/46551-poet-acquires-flint-hills-resources-ethanol-business-pro-farmer
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Consolidation expands the largest US ethanol producer's DDG output, adding feed supply, though the corporate deal itself has limited immediate price impact.

## Read by commodity

- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-15 | [Ethanol Producer Magazine](https://feedsoft.ai/events/27504-ethanol-producer-magazine.md) | +0.8% | +1.3% |
| CORN | 2020-06-19 | [Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder](https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business.md) | -2.4% | -0.2% |
| CORN | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | +0.2% | +4.5% |
| CORN | 2023-03-30 | [Biden’s Trade Policy Comes Under Attack - Pro Farmer](https://feedsoft.ai/events/14857-biden-s-trade-policy-comes-under-attack-pro-farmer.md) | -0.5% | -3.0% |
| CORN | 2019-12-05 | [October Shipments of U.S. Ethanol Press Higher while U.S. DDGS Exports Slip](https://feedsoft.ai/events/55570-october-shipments-of-u-s-ethanol-press-higher-while-u-s-ddgs-exports-slip.md) | -4.3% | +1.2% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/poet-acquires-flint-hills-resources-ethanol-business

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.