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Myriant Secures USDA Loan Guarantee

9:23 AM MDT | June 18, 2012 | Rebecca Coons

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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