Myriant USDA Loan

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. Myriant says it is the first biobased chemicals company to receive funding from USDA’s B&I Rural Development Loan Guarantee program, which is is designed to improve the economic and environmental climate in rural communities by supporting the development of high quality local...

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