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On 23 Jan 2012 POET and DSM have formed a 50/50 Joint Venture (JV) to commercialize and license cellulosic bio- ethanol: POET-DSM Advanced Biofuels LLC. The JV is constructing a 20-25MGY commercial demonstration plant (Project Liberty) and setting up a licensing organization to license out an integrated technology package.
The strategic objectives of the joint venture are:
• Commercial demonstration of the production of cellulosic ethanol from corn crop residues on 20 - 25 million gallon scale (Project Liberty I), using POET’s http://poet.com/ process technology and DSM’s http://www.dsm.com/corporate/home.html yeast and enzyme technology (including on-site manufacturing).
• Replicate and license the technology to additional plants to be built at the other corn ethanol facilities in POET’s network and license it to other producers in the United States and the rest of the world. - The construction of Liberty I is well on its way and production is scheduled to start-up mid-2014.
The Chief Executive Officer is responsible for formulating, preparing, securing, and executing the overall business plan for the Joint Venture (JV). The CEO is accountable for developing and executing the strategic business plan and market strategy, and successfully licensing out the JV technology package globally. The CEO is Profit & Loss responsible for the JV.
The CEO will manage the overall JV team and licensing team to ensure that all business goals are met. They will be responsible for the day- to-day operations of the JV, representing the JV externally and be responsible for coordinating with functions inside the parent companies (POET/DSM) that the JV should regularly interact with.
The CEO acts in full accordance with the approved Business Plan, the decisions of the JV Board and the terms of JV Agreement.
To perform the essential functions of this position successfully, an individual should demonstrate the following competencies:
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