In Houston, Solugen has secured a conditional, $213.6-million loan guarantee from the U.S. Department of Energy. The Loan Programs Office funds will support construction of Solugen’s 500,000 square foot organic acids production facility planned for Marshall, MN.
The site will deploy Solugen’s Bioforge technology for converting biomass into organic acids for use in wastewater treatment, construction, agriculture, and energy applications.
“American manufacturing is at a turning point, and we are proud to have the opportunity to work with the DOE in bringing critical chemical production capabilities onshore to communities like Marshall,” said Gaurab Chakrabarti, CEO of Solugen. “By scaling cutting-edge technologies, we are meeting domestic demand for innovative solutions and setting global standards for sustainable biomanufacturing.”
The loan guarantee is the largest U.S. government investment in bioindustrial manufacturing since President Biden signed Executive Order on Advancing Biotechnology and Biomanufacturing Innovation.