BioP2P Staff
The U.S. Department of Energy’s Loan Programs Office provided a conditional commitment to Solugen’s wholly owned subsidiary Bioforge Marshall for a $213.6 million loan guarantee to finance the construction of a production facility in Marshall, Minnesota, the single largest U.S. government investment in bioindustrial manufacturing since President Biden signed executive order on advancing biomanufacturing.
The new facility, Bioforge Marshall, will house three modular trains manufacturing various organic acids for use in the concrete, cleaning, agricultural, and energy industries—cutting harmful emissions from hard-to-decarbonize sectors while helping deliver healthier communities across the nation.
The project will create up to 100 jobs during construction and 56 highly skilled full-time manufacturing jobs once fully operational.
Solugen will construct, own, and operate a biomanufacturing platform to produce organic acids with a novel technology that leverages enzymes and metal catalysts. Bioforge Marshall is a scaled-up version of Solugen’s Bioforge Houston, which has been operating in Houston since 2021. The Bioforge Marshall project will help re-shore industrial production capacity for chemicals that are largely produced in other countries such as China, boosting domestic supply chain resilience and stabilizing costs for industrial off-takers.
Read the full announcement here.