ClonBio plans $500 million investment in an US biofrefinery plant

In Ireland, Irish Independent reported that Irish-owned biofuel and renewables group ClonBio has announced plans to invest $500 million in a Wisconsin biorefinery plant. 

According to the report, this move will create 1,000 local jobs.

The report noted that ClonBio biorefineries use natural processes to refine grain for use in a number of different applications, including proteins and fibers for both human and animal nutrition, ethanol and organic fertilizer.

The group is planning an increase in its existing investment following its purchase of the biorefinery in Jefferson, Wisconsin in 2022. Over the past 18 months, ClonBio has invested $100 million in the facility, which is now the largest grain processing and ethanol production facility in the state, the report added.

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