Myriant Secures USDA Loan Guarantee

Myriant says the Lake Providence site—on trackfor mechanical completion in 20 weeks—is on time, on budget, and completely sold out. Myriant (Quincy, MA) says it has closed a $25 million private bond placement for the construction of its biobased succinic acid plant at Lake Providence, LA. The placement used the USDA's Business and Industry (B&I) Rural Development Loan Guarantee program. The 13,500 m.t./year Lake Providence plant is about 20 weeks away from mechanical completion, and full-scale, commercial operations are expected by the end of the...

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