Louisiana Senator Landrieu Welcomes Myriant CEO to Capitol Hill Job Creators Meeting

Quincy, MA (July 19, 2021) -United States Senate Committee on Small Business and Entrepreneurship Chair Mary L. Landrieu, D-La., welcomed Stephen J. Gatto, Chairman and CEO of Myriant Corporation, to Capitol Hill to participate in a meeting with lawmakers on ways to spur job creation.

Myriant was recently awarded a $25 million loan guarantee from the U.S. Department of Agriculture. The funds helped finance the ongoing construction of a new bio-succinic acid production facility that is scheduled to open next year. Construction of the facility is already creating approximately 250 construction jobs and is expected to create more than 50 direct jobs and an additional 300 indirect jobs in the Lake Providence, Louisiana area.

In November 2010, Senator Landrieu facilitated a meeting between Agriculture Secretary Tom Vilsack and Myriant company leaders to discuss the loan guarantee application. The USDA loan guarantee is in addition to a $50 million cost share financial assistance agreement from the U.S. Department of Energy in December 2009.

"I am proud to welcome Steve Gatto to Capitol Hill to share his thoughts on job creation with my Senate colleagues," said Senator Landrieu. "Myriant is making a significant investment in Lake Providence and utilizing the strategic shipping advantage the Port of Lake Providence provides. This new plant will be a big boost to an area of our state that has been disproportionately hit by high unemployment, and it serves as a great example of how dynamic public-private partnerships can create jobs and improve the economy."

"The United States, through the renewable, bio-based chemicals industry, has a tremendous opportunity to harness our national roots in agriculture, manufacturing and biotech innovation, to create sustainable products that serve as the catalyst for rural economic development and job creation," said Stephen J. Gatto. "Myriant is a perfect example of this model, creating 50 manufacturing jobs at our world-scale bio-succinic acid plant in Lake Providence, La., and we're thankful to Senator Landrieu for her consistent support of our efforts to commercialize bio-based chemicals across the globe."

About Myriant Corporation

Myriant utilizes its proprietary technology platform to develop innovative, performance-based, renewable chemicals utilizing low-cost sugars. In December, 2010, Myriant broke ground on its flagship 30 million pound commercial bio-succinic acid facility in Lake Providence, Louisiana, and anticipates beginning commercial production in early 2013. The company's D(-) lactic acid started production at commercial scale in June,2008, for use in polylactic acid. Myriant has agreements with ThyssenKrupp Uhde GmbH for engineering, Davy Process Technology for the integration of Myriant's bio-succinic acid process with the Davy butanediol process for the production of bio-based butanediol, and PTT Chemical for the commercialization of Myriant's technology in Southeast Asia. Myriant is headquartered in Quincy, Massachusetts. Details are available at www.myriant.com.


Sue Hager SVP, Corporate Communications and Government Affairs
Myriant Corporation