investment
ClonBio invests $500m in US biorefinery
Taoiseach Leo Varadakar said the deal ‘is as a model for further Irish-US collaboration’
ClonBio Group, the Irish agribusiness, plans to invest $500 million (€457 million) in a US biorefinery in what is seen as “a model for further Irish-US collaboration”.
The agriculture business, which makes proteins, animal feed, biofuel, ethanol and alcohol from grain in Europe and the US said it plans to invest in a moth-balled biorefinery it acquired in Wisconsin in mid 2022.
ClonBio has already spent $100 million in the acquisition and upgrading of the ...