On November 20, 2020, the Iowa Economic Development Authority (IEDA) Board approved an economic development incentive package for our group company Spiber America LLC. This incentive package consists of $1 million in assistance through Iowa’s High Quality Jobs program and a 20% match from the City of Clinton.
We are collaborating with Archer Daniels Midland Company (ADM) to bring production of our Brewed Protein™️ materials to the US. Production will take place at ADM’s biorefinery facility in Clinton, Iowa. This award will allow us to accelerate our progress toward producing our protein materials on a large scale.
Press release from the State of Iowa can be found
Press release from the City of Clinton can be found