![\"Irish-owned](\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/03\/Bildschirmfoto-2024-03-22-um-11.05.10.png\")
ClonBio earns revenues of about \u20ac400 million a year making proteins, animal feed, biofuel, ethanol and alcohol from grain in Europe and the US, and renewable gas at a plant in Co Kildare.<\/p>\n\n\n\n
In a statement on Monday, it said it was planning a \u201cdramatic increase\u201d in its investment in a \u201cformerly mothballed biorefinery\u201d it acquired in Jefferson, Wisconsin in mid-2022.<\/p>\n\n\n\n
The planned half-billion dollar cumulative investment will support more than 1,000 local jobs and support grain farmer incomes and the state economy \u201cfor decades to come\u201d, the group said.<\/p>\n\n\n\n
The announcement was just one of a number made during Enterprise Ireland\u2019s programme of business events in the US for St Patrick\u2019s Day.<\/p>\n\n\n\n
ClonBio contracted to purchase a mothballed ethanol plant in Wisconsin several months prior to the passage of US president Joe Biden\u2019s Inflation Reduction Act. <\/p>\n\n\n\n
Over the last 18 months, it has invested $100 million in the acquisition and upgrading of the plant, which is now the largest grain processing facility in Wisconsin.<\/p>\n\n\n\n
In light of the various incentives contained in the new law, ClonBio is planning to \u201crapidly accelerate\u201d an additional $400 million investment programme over the coming years rather than over the course of the decade, as originally planned.<\/p>\n\n\n\n
As part of the same Enterprise Ireland programme, Irish ESG management company Climeaction and sports-tech company Output Sports have announced expansions of their US operations.<\/p>\n\n\n\n
Leo Clancy, CEO of Enterprise Ireland, said: \u201cIrish companies are scaling internationally at an accelerated pace, establishing new presences, and making significant investments and acquisitions in international markets, to serve their growing international customer base.<\/p>\n\n\n\n
\u201cTheir growth internationally, strengthens their business, delivering job creation in Ireland and boosts Ireland\u2019s economy. Irish businesses account for two-thirds of Irish jobs, and we are focused on further strengthening this position. They are the economic cornerstones in communities across Ireland.\u201d<\/p>\n\n\n\n
At SXSW Austin, Texas, this week, Enterprise Ireland will also showcase Irish companies in film, technology, future mobility, and the commercial creative sector, at Ireland House at SXSW, which is a Department of Foreign Affairs and cross-government agency initiative.<\/p>\n\n\n\n
Elsewhere, Irish sports tech enterprise Sportskey announced its new US Midwest presence, based in Chicago. SportsKey develops sports facility management, scheduling, and online booking software.<\/p>\n\n\n\n