Issue Date: May 2, 2011
Valent Will Build Fermentation Plant
Valent BioSciences plans to build a $150 million fermentation facility in Osage, Iowa, to produce bioinsecticides and bionematicides for crop protection and public health applications. Valent, a unit of Sumitomo Chemical, says the plant will represent the world’s largest-ever single investment in fermentation-based pesticides. Fermentation capacity will be in excess of 15 million gal per year, it adds. The plant is scheduled to open in 2014, after which Valent plans to close a facility in North Chicago.
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