DES MOINES, IOWA — ADM has received a tax credit from the Iowa Economic Development Authority (IEDA) board to convert an underutilized facility in Clinton, Iowa, into a precision fermentation facility.

The 463,503-square-foot facility will be converted so that it can produce additional high-value biobased products. The project includes new processing equipment for separation, purification, drying and packaging as well as upgrades to existing fermentation equipment, piping and supporting systems to enable large-scale production of proteins and enzymes.

ADM received $2.23 million in tax credits through the Business Incentives for Growth program.

The $55.5 million project is expected to create 53 jobs.

ADM announced this May plans to upgrade receiving capacity at the corn processing facility in Clinton. That project will add two new high-speed receiving pits capable of handling up to 25,000 bph each, along with additional grain storage capacity and infrastructure improvements. 

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