Irish agribusiness ClonBio Group is to invest $500m in a new biorefinery in Jefferson, Wisconsin in the US.
ClonBio's biorefineries use natural processes to refine locally produced grain for use in wide range of applications including proteins and fibres for human and animal nutrition, ethanol for a range of fuel and industrial uses and organic fertiliser for farming.
It said incentives in the US Inflation Reduction Act has prompted it to accelerate further investment and the work will lead to the creation of 1,000 jobs in the city. "In the case of ClonBio its investment and R&D internationally also informs its continuing investment in advanced biomethane and recycling and upcycling of waste plastics in Ireland, delivering jobs growth here and boosting Ireland’s economy," Mr Clancy said.
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