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$360M Cargill-Backed Corn Plant in Iowa Makes Eco Spandex Element for Athleisure Wear

EDDYVILLE, IOWA, JUL 21 – Qore's plant produces QIRA, a 66,000 metric-ton capacity bio-based chemical from corn sugar that aims to reduce carbon footprints in synthetic fabrics, with products expected by spring 2026.

  • On Tuesday, July 22, 2025, Qore's joint venture opened a $360 million plant in Eddyville, Iowa, producing bio-based chemicals from corn sugar, with production beginning the same day.
  • Facing reliance on fossil fuels, synthetic fabrics drove the plant’s creation, with Qore, a joint venture of Minnesota-based Cargill and Germany-based HELM, producing bio-based chemicals from corn to reduce carbon footprints.
  • The facility can produce 66,000 metric tons of QIRA each year, demand 100 million bushels of corn annually, and shipping begins by rail, highlighting capacity and supply.
  • Responding to interest, officials said the venture will boost the local economy, noting increased demand for corn and job creation in Eddyville.
  • Next year, products should be on shelves, Jon Veldhouse said, and Lycra plans to manufacture the 70% bio-based fiber in Singapore, expecting to cut the carbon footprint nearly in half.
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New bio-industrial plant opens in Eddyville

·Cedar Rapids, United States
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Albert Lea Tribune broke the news in on Monday, July 21, 2025.
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