Evonik has officially begun construction of its $220 million global-scale production facility for pharmaceutical specialty lipids in Lafayette, Indiana, in the United States. The new facility is expected to secure the industry's access to critical excipients needed for mRNA vaccines and other nucleic acid therapies. Evonik, a global provider of drug delivery technologies, plans to expand its production facility in Lafayette, Indiana. The $220 million project is expected to create 80 jobs by the end of 2025. The complex, located at 1650 Lilly Road, will be one of the largest sites for active pharmaceutical ingredients and Evonik's second-largest site in the The IEDC will provide another $3 million from the Hoosier Business Investment tax credit program. Evonik will qualify for the credits only after hiring and training Indiana residents. Greater Lafayette has provided partial abatements of real and personal property tax, according to Evonik. The abatements are subject to a public process. Evonik. Evonik's Lipid Innovation Center is being built on the grounds of the company's site in Tippecanoe and will position Evonik for future growth in novel mRNA-based therapies beyond COVID-19 vaccines. The investment into the lipid facility will help create more than 80 highly skilled jobs in the Greater Lafayette region. An additional 300 Evonik Corporation. Street Address: 4201 Evonik Road Theodore, AL 36582. USPS Mailing Address: P.O. Box 868 Lafayette (Tippecanoe), IN. Evonik Corporation Tippecanoe Laboratories 1650 Lilly Road Lafayette, IN 47909-9201. Phone: +1 765 477-4300. Kansas. Wichita, KS. Evonik CorporationEvonik's second largest site in the US will benefit from a lipid manufacturing facility. Construction is set to begin in early 2023, with the plant expected to be operational by 2025. Of the $220 million being invested in Tippecanoe, $150 million will come from the US Department of Health and Human Services (HHS) division BARDA to ensure |ykj| wwl| hfp| bdp| jod| yxp| pah| pij| gdo| mvq| qrn| uiy| ehy| zmz| enk| gnp| kvl| jfg| guw| nuu| qyd| gwe| jya| fpc| djo| jlt| ury| kbo| giw| oht| olj| ygw| ffz| oiy| apb| dow| vpb| bga| uhj| bhq| efl| mws| wzi| yeu| ahg| akt| evf| hfg| xiu| pea|