RUSHVILLE, Ind. (AP) — A company that works to turn cornfield waste into sustainable products is planning a central Indiana facility.
Officials on Monday announced the plans from a joint venture between Switzerland-based Cormo AG and Naples, Florida-based Sustainable Projects Group Inc. The venture called Cormo USA Inc. plans to invest about $29.5 million to establish its first U.S. production plant in Rushville, Indiana.
Plans call for creating up to 250 new jobs by the end of 2023.
Groundbreaking is expected this summer on the facility to process maize straw from up to 150,000 acres (60,703 hectares) of fields annually into a peat moss substitute for agricultural uses and foam products for material science uses.
The Indiana Economic Development Corp. plans to offer Cormo USA up to $3.5 million in conditional tax credits.
- Facility to turn corn field waste into sustainable products
- EggLife opens new production facility in Wolcott
- Rain continues to push back field production for Exploration Acres
- March Madness, less productivity?
- Chronic wasting disease could threaten Indiana wildlife
- Purdue to host electronic waste drive
- Fake and dangerous kids products are turning up for sale on Amazon
- Is a lack of recycling bins causing our waste to be wasted away?
- Turn! Turn! Turn! Cubs match double-play record vs Bucs
- School corporation is improving facilities