POET Enters Asphalt Industry With JIVE Corn-Oil-Based Product

Sioux Falls, SD - Jan. 29, 2019 – POET has entered the asphalt market with its newest green alternative to fossil-fuel products.

POET’s “JIVE” is a proprietary corn-oil-based product now being used by construction companies across the US to modify or rejuvenate asphalt in roads.

“This is the latest example of POET developing new technology to move our world toward true sustainability,” POET CEO Jeff Broin said.

“We must learn to utilize materials harvested from the surface of the earth rather than pulling more crude oil from below.

"Every mile paved using JIVE and recycled materials helps save the planet and helps save taxpayer dollars.”

JIVE is being used today to make roads more resilient in both high- and low-temperature conditions.

It helps roads resist cracking in cold weather and rutting during the warm season.

It is also used to soften old asphalt so that it can be recycled into new roads.

“This is a lower-cost, better-performing product than the petroleum modifiers used in the past,” said Matt Reiners, Vice President of Business Development for POET Nutrition.

“Companies have used JIVE over the past year to pave high-traffic highways in places like New Jersey and roads exposed to fierce elements in Utah, parts of Canada and elsewhere.”

With 164,000 miles of highway across the US and annual state and local government expenditures of $175 billion on highway construction and maintenance, the high quality, affordable and environmental alternative that JIVE provides meets a significant need.

At full JIVE production, POET could improve enough roadways to circle the globe each year.

JIVE is produced as a coproduct of the biofuel process and is a lower-cost option than the traditional petroleum-based modifiers and rejuvenators.

At POET plants, the patented BPX process uses enzymes instead of heat during biofuel fermentation, leading to a better slate of co-products, including JIVE.

For more information, visit https://poet.com/asphalt

Contact Matt Merritt at 605-965-2225 or matt.merritt@poet.com for more information.