New President to lead POET-DSM joint venture


POET-DSM Advanced Biofuels’ commercial activities will be moving forward under the leadership of the joint venture’s first president: Dan Cummings.

Cummings will oversee day-to-day operations of POET-DSM, represent the joint venture publicly, and coordinate functions between the parent companies. He will also act as the central point of contact for external relations, which includes all technology licensing activities for POET-DSM worldwide.

“Dan has more than 25 years of experience in the energy sector, and we’re excited to have him leveraging that knowledge to grow cellulosic ethanol production for the world,” said Jeff Lautt, Chairman of the POET-DSM Board. “We look forward to Dan taking the reins and leading this joint venture into 2015.”

POET-DSM announced the startup phase in September for its 20 million-gallon-per-year cellulosic ethanol plant, which will later ramp up to 25 million gallons per year. The Emmetsburg, Iowa plant, dubbed “Project LIBERTY,” uses corn cobs, leaves, husk and some stalk to make renewable fuel. The joint venture is now marketing its LIBERTYTM Technology package to third parties for continued energy development.

“This joint venture has already proven it can change the world, and I look forward to working with the individuals who helped make that happen,” Cummings said. “After two decades in the energy and clean tech sectors, I’m excited to start this new journey with POET-DSM.”

Cummings joins POET-DSM after serving as President and Director of INEOS New Planet BioEnergy, and as global Vice President of Commercial and External Affairs for INEOS Bio. Previously he held senior business, corporate and legal positions at INEOS and BP. Cummings holds a Law Degree from Temple University, a Master of Public Administration from the University of Southern California and a Bachelor in Economics from the University of Puget Sound.

Cummings will be based in Sioux Falls, SD.

About POET-DSM Advanced Biofuels, LLC

POET-DSM Advanced Biofuels, LLC, is a 50/50 joint venture between Royal DSM and POET, LLC. Based in Sioux Falls, South Dakota, the company is a cooperative effort of two innovators that provides a key to unlocking the opportunity of converting corn crop residue into cellulosic bio-ethanol. Built on the strengths of both companies, the joint venture has a critical mission: to make cellulosic bio-ethanol competitive with corn bio-ethanol, the most competitive renewable liquid transportation fuel on the US market today. Drawing on the deep expertise and experience of POET and DSM in different areas of converting cellulosic biomass into bio-ethanol, POET-DSM Advanced Biofuels has built its first commercial-scale plant co-located with POET' Biorefining – Emmetsburg in Emmetsburg, Iowa. Based on this plant, the JV plans to globally license an integrated technology package for the conversion of corn crop residue to cellulosic bio-ethanol. More information: www.poetdsm.com




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