IRRRB approves financing for biochemical project in northeast Minnesota
VIRGINIA - A Twin Cities biochemical company promising to turn trees from Minnesota forests into valuable chemicals will get $28.2 million in public financing after action Tuesday by the Iron Range Resources and Rehabilitation Board.
The IRRRB unanimously approved its share of the public loans and grants for Segetis Inc. to build a $105 million project in the Laskin Energy Center industrial park in Hoyt Lakes.
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