Liberation Labs picks Richmond, Indiana, for a $115M precision-fermentation plant

Liberation Bioindustries/Richmond Precision Fermentation Plant

Liberation Labs announced a $115 million commercial-scale plant with 600,000 litres of fermentation capacity on a 36-acre lot in Richmond's Midwest Industrial Park. It expected to create 45 jobs and reach full commercial production by the end of 2024.

• A $20M seed round closed in December 2022 to fund the plant
• Indiana offered up to $830,000 in conditional tax credits and training grants