Grant for prod of ADV biofuel

The Department of Agriculture Rural Business Cooperative Services awarded Poet Holding Company, LLC $223,746.73 on January 22, 2026, under the Bioenergy Program for Advanced Biofuels (CFDA 10.867) for production of advanced biofuels derived from renewable biomass sources other than corn kernel starch. The program supports expanding advanced biofuel production through per-unit payments to eligible producers, calculated on a production-contingent basis using quarterly production documentation reported in British Thermal Unit (BTU) values and converted according to federally established methodology under 7 Code of Federal Regulations Part 4288-B. Performance takes place in Iowa. The award period runs from January 22, 2026, through January 23, 2026. Poet Holding Company, a for-profit manufacturer based in Sioux Falls, South Dakota, operates as a prime grant recipient with no sub-recipients identified in the source. The company has received eight awards from Rural Business Cooperative Services since 2020, including a $100 million COVID relief grant in 2022 and recurring annual production grants under this program; combined obligated dollars across all awards total $101.3 million.