A nonprofit partnership that includes Cargill and 3M wants the state of Minnesota to invest half the money toward a $200 million biomanufacturing campus that would develop ways to use feedstocks such as corn, soy and sugar beets to make alternatives to petroleum-based products.
The group, called BioMADE, would pitch in $100 million and is asking the state of Minnesota for $100 million in matching funds.
Sen. Aric Putnam, DFL-St. Cloud and chair of the Senate's Agriculture, Broadband and Rural Development Committee, introduced on Monday a bill seeking support for the state appropriation. The bill calls it a "pilot innovation facility."
The hope is for Minnesota to become a leader in the emerging industry.
Biomanufacturing can produce a range of products including cement, chemicals, alternative proteins, skin care ingredients, nylon and materials used in consumer goods like tote bags or food packaging.
Douglas Friedman, CEO of Minneapolis-based BioMADE, said the U.S. currently does not have the infrastructure to support biomanufacturing.
"Companies have to do most of this work overseas," Friedman said.
No site has been identified for the project. BioMADE is looking for a space of 300 to 1,000 acres that would be located within 90 minutes of the Twin Cities. Goals include attracting other manufacturers to the campus.