NASHVILLE, TN – Indiana corn growers could gain a major new market as POET doubles production capacity at its Shelbyville ethanol plant. The expansion is expected to create demand for another 32 million bushels of corn each year.
The company broke ground June 16 on a $200 million project scheduled for completion in late 2027. Annual ethanol capacity will increase from 98 million gallons to 193 million gallons, while dried distillers grains and corn oil output will also double.
Additional corn demand could strengthen local basis, increase competition among buyers, and change hauling patterns across central Indiana. Livestock producers may also gain access to larger supplies of distillers grains used in feed rations.
The project reflects continued investment in domestic biofuels as producers face large grain supplies and tight margins. Growing demand for E15, feed products, corn oil, and possible future carbon markets could support plant economics.
Farmers will watch construction progress and federal biofuel policy through 2027. Stronger ethanol demand could provide a more dependable outlet for regional corn production.
Farm-Level Takeaway: New ethanol capacity could strengthen corn demand, basis, and livestock feed availability across central Indiana.