ADM Invests $55.5M to Expand Precision Fermentation in Iowa
ADM plans to invest US$55.5M to expand precision fermentation capacity in Clinton, Iowa, to produce high-value proteins and enzymes for food, feed and industrial uses. New separation, purification, drying and packaging equipment will be added, along with upgrades to existing fermentation systems. The project includes US$2.23M in Iowa tax credits approved by the IEDA Board under its growth incentives programme.