Investors of an ethanol plant in South Dakota will soon decide whether to merge with the plant's parent company, POET Biorefining LLC, reports WRAL.
The POET ethanol plant near Groton is among seven POET plants that haven't had investors vote on merging operations. But Groton plant investors plan to do so this month.
Jeff Lautt, president of POET Biorefining, said officials recently met with Groton plant investors in Aberdeen to discuss the potential merger. Investors at 19 other individual POET sites have already voted in favor of merging with the parent company, Lautt said.
Company officials have been working on the merger for several years.
