Chicago Construction News staff writer
Officials kicked off construction with a groundbreaking ceremony for Incobrasa Industries’ expanded manufacturing facility.
“With Incobrasa’s announced expansion today, the company will more than double its production capacity by 2030. That’s a win for Gilman, for Illinois, and for the nation,” said Gov. JB Pritzker. “In addition to sustaining and creating new, permanent, good-paying careers, this new $250 million expansion will mean dozens of construction and installation jobs for workers here in Iroquois County and across the region.
“We’re making it easier for companies to do business in Illinois. We’re investing in our skilled workforce. And we’re modernizing our transportation systems, roads, ports and airports. Illinois is on the rise and open for business.”
Located in Gilman, the soybean processing plant’s expansion will increase production capacities, echoing Illinois’ dominance in soybean processing with
- A state-of-the-art soybean crushing facility covering 170,000 square feet
- sustainable 50-acre solar array designed to energize the premises
An Economic Development for a Growing Economy (EDGE) tax credit was approved for the initiative. Introduced in 1999, the EDGE tax credit has witnessed extensions, signaling the state’s unwavering commitment to commercial progress. The latest extension stretches through June 2027.
Incobrasa is an industry leader in soybean processing that has had a manufacturing presence in Illinois since 1997. The company’s capital investment will construct a new soybean crushing facility – adding 170,000 sq. ft. of new state-of-the-art production facilities. The company will also be constructing a 50-acre solar array to help fuel the facilities.
The Gilman plant processes soybeans to produce animal feed, packaged vegetable oil, and biodiesel. This expansion will enable the company to make use of the vast supply of soybeans that are available in Illinois, which is the largest soybean producer in the United States.
“Today is an exciting day for Incobrasa and our community. Because of the EDGE tax credit- we will be able to expand our workforce, and our footprint with local farmers,” Incobresa president/CEO Aluizio Ribeiro said in a statement. “We want to extend a special thank you to Governor JB Pritzker, Deputy Governor Andy Manar, and DCEO Director Kristin Richards for their assistance and guidance for their dedication to ensuring that businesses flourish and expand in Illinois.”