June 30 (Reuters) – Poet, the largest U.S. ethanol maker, purchased an ethanol plant in Cloverdale, Indiana, that was expected to come on line by April 2011 with a production capacity of 90 million gallons a year, Chief Executive Jeff Broin said on Wednesday in a conference call with media.

The plant is the privately held company’s 27th U.S. ethanol facility and will increase Poet’s annual ethanol production capacity to about 1.7 billion gallons, he said. (Reporting by Karl Plume)