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Sustainable Projects Group Secures First Production Plant for Cormo USA in Rushville, Indiana
Sustainable Projects Group Secures First Production Plant for Cormo USA in Rushville, Indiana.
About this update from Sustainable Projects Group Inc.
[{"type":"text","content":"\n\n\n\nSustainable Projects Group Secures First Production Plant for Cormo USA in Rushville, Indiana\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSustainable Projects Group Secures First Production Plant for Cormo USA in Rushville, Indiana\nCormo USA Prepares for Initial Production During 2020 Harvest\nPR Newswire\nFISHERS, Indiana, May 7, 2020\n\n\n\nFISHERS, Indiana, May 7, 2020 /PRNewswire/ -- Sustainable Projects Group (OTCQB: SPGX) (SPGX), announced today that its portfolio company, Cormo USA, has signed a lease agreement for its first production site in the United States in preparation for the fall 2020 corn harvest.\nThe 108,000 sq. ft. building containing manufacturing hall and office space is located in Rushville, Indiana, and is Cormo's first facility outside of Europe. Since taking possession of the keys on May 1, 2020, Cormo has begun initial site improvements and has already completed its first hiring within the local community to assist with corn stover sourcing. The company plans to continue improvements and additional local hires into the early summer to ensure the site is ready for equipment installation before the upcoming harvest season. \nThis inaugural U.S. production plant is intended to provide Cormo USA with the necessary environment to assemble its first commercial-scale plant, while simultaneously completing the planning stage for its state of the art facility located in the Rushville Commerce Park. The company currently expects to break ground on the 20-acre facility during the spring of 2021.  \n\"Securing this lease agreement on behalf of our largest portfolio company is integral to helping Cormo produce its first commercially available products within the United States. At the same time, this giant step forward for Cormo validates SPGX's ability to successfully migrate innovative European businesses to the U.S. even while the COVID-19 pandemic has made cross-border travel impossible,\" said Stefan Muehlbauer, CEO of SPGX. \n\"This facility is strategically located in one of the most innovative agricultural areas in the U.S...