Dow-DuPont is closing and selling it's Nevada bio-refinery, which opened two years ago, putting 90-employees out of work.
The company says they plan to continue to participate in the overall bio fuels market, through specialty offerings, to improve yield and productivity.
Dow-DuPont says they plan to work with local, state, and federal partnhers for a smooth transition through the sale.
Statement from DowDuPont:
As part of DowDuPont’s intent to create a leading Specialty Products Company, we are making a strategic shift in how we participate in the cellulosic biofuels market. While we still believe in the future of cellulosic biofuels we have concluded it is in our long-term interest to find a strategic buyer for our technology including the Nevada, IA biorefinery.We will continue to participate in the overall biofuels market through specialty offerings including biofuel enzymes and engineered yeast solutions that improve yield and productivity for biofuel producers. We plan to work closely with local, state and federal partners to assure a smooth transition as we pursue the sale of the business. All affected employees will receive support services during this transition.