Solugen gets DOE loan for biofacility
Solugen has secured a conditional commitment for a $213.6 million loan guarantee from the US Department of Energy (DOE) Loan Programmes Office. This will be used to support the construction of the company’s Bioforge Marshall facility in Marshall, Minnesota, on which it broke ground in April.
Due to open in 2H 2025, the 46,000 m2 facility will take dextrose sourced from ADM’s adjacent corn processing complex and convert them to organic acids for use in wastewater treatment, industrial wastewater, construction, home and personal care, agriculture and energy applications. Solugen claims that it will reduce carbon emissions by 18,000 tonnes/year compared to current production methods.
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