A look back at our Bioforge Marshall groundbreaking in April! 👷♂️
Solugen leadership was joined by government officials, business leaders, and community partners to officially break ground on our new 500,000 sf biomanufacturing facility in Marshall, Minn.
In support of the project, Solugen has received conditional commitment for a $214M loan guarantee from the U.S. Department of Energy (DOE). The Minnesota Department of Employment and Economic Development also awarded the project $760K in financial incentives from the department's Job Creation Fund, and an additional $15M from the Minnesota Forward Fund.
A special thank you to the City of Marshall for helping us pull off an epic event, and for their invaluable support as we expand our footprint.
It's great to see so many local business leaders, government leaders and community partners join us for this celebration. The chemicals industry touches EVERYTHING. For the physical world to be decarbonized, the things around us to be made in a lower carbon, more sustainable way. We have to think about the molecules. It's the chemistry that makes those things possible. As we started digging in and learning more about Marshall, we knew this is where we're going to build our next plan. When Bioforge Marshall comes online. Every new product that we launch in Houston, we're then going to turn around and launch at commercial scale right here in Marshall. This can be the proving ground for what a sustainable, renewable chemicals industry, and a bioeconomy looks like more broadly. We're really happy to be here and thrilled to be a part of this day with Solugen. They have the ability to take a dream and create a vision. And that vision, they're able to create working items to lead to it. We are thrilled that Solugen has made the decision to be part of this community, make a major investment in this community. No one in the country and no one in the world is doing what you're doing, which is what makes this such an exciting day. With this facility, I feel like you are fitting so nicely into and helping to drive a history of innovation in Minnesota. By investing in bio manufacturing, we can bolster demand for American Ag products, we can reduce our dependence on foreign oil and as our friends at Solugen have said so well, decarbonize the physical world. We say invent it here, grow it here, produce it here. And I think the manufacturing plant that will be built here and the products it will produce is a good example of what we will hope will happen throughout America. Together, we will create opportunities for growth, innovation and prosperity for the entire community. Today marks the beginning of an exciting chapter. Welcome to Marshall. Welcome to Minnesota. We're glad that you're here.
CEO at Crudechem Technology
2moGreat job Solugang. Proud of you all.