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ADM wins Iowa tax credit to convert a Clinton facility for fermentation
ADM received $2.23 million in tax credits to convert a 463,503-square-foot Clinton, Iowa site into a precision fermentation facility for proteins and enzymes.
ADM has received a tax credit from the Iowa Economic Development Authority board to convert an underutilized facility in Clinton, Iowa into a precision fermentation site, World Grain reports. The project is aimed at expanding production of high-value biobased products.
The facility will be converted into a large-scale production operation for proteins and enzymes, with new processing equipment for separation, purification, drying and packaging. ADM will also upgrade existing fermentation equipment, piping and supporting systems to enable the planned output.
World Grain also noted that the announcement is one of several recent facility upgrade projects it has tracked, reflecting ongoing efforts to add capacity in grain, oilseeds handling and processing areas.