Biofuels group ClonBio plans $500m investment in US plant

URLhttps://www.independent.ie/business/irish/biofuels
SourceIrish Independent
Date Published03/11/2024

Additional Reshoring Information:

Company/Division name ClonBio
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1000
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):500
Country(ies) from which reshored:Ireland
City reshored to:Jefferson
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredbiofuels
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Under-utilized capacity
Government Incentive dollar amount: $400m loan guarantee from DoE
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