POET, LLC (OTCPK:PTBB.U) is in discussions with Flint Hills Resources, LLC to acquire the entirety of Flint Hills’ ethanol assets, both companies told Reuters on May 13, 2021. The deal would increase POET’s potential production capacity for ethanol by more than a third to 3 billion gallons per year, said Jessica Sexe, a spokeswoman for POET. That could help the company tap into potential growth in the biofuels market as the Biden administration considers boosting biofuels as part of a broader strategy to decarbonize the nation’s economy to fight climate change. Both Sexe and Jake Reint, spokesman for Flint Hills, declined to put a price on the deal.