Abstract
Dutch specialty chemical firm DSM is entering the nascent cellulosic ethanol industry by forming a joint venture with Poet, a major U.S.-based corn ethanol producer. Poet-DSM Advanced Biofuels’ first task will be to launch Project Liberty, a 25 million-gal-per-year facility being built adjacent to Poet’s corn ethanol plant in Emmetsburg, Iowa. The venture then plans to license its technology to 26 other locations in Poet’s ethanol network. DSM will supply enzymes to break down corn residue, called corn stover, into C5 and C6 sugars, as well as yeast to ferment the sugars into ethanol. Poet will contribute other parts of the puzzle including the supply chain it has developed to deliver thousands of tons of stover to the plant. The two firms will equally share $250 million in capital costs for Project Liberty, which will begin production in the second half of 2013. In September 2011, the Department of Energy ...
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