Viridis On Hold
Viridis Chemical's ethyl acetate plant is viewed January 18, 2026 from the Cedar Street Bridge Local media outlets aren't reporting this, but in December, Viridis Chemical Co. halted work on the nearly-finished Peoria ethyl acetate plant relocated from Columbus, Nebraska. The decision by investor EIV Capital was blamed on a deteriorating market for "biobased chemicals" and tariffs, which caused the project to go over budget. The former seems to be the bigger problem as the distillation column subject to a 50 percent import tariff was purchased and installed. The suspension explains why a rail siding was not built, and construction activity was put on hold before Christmas. This article does offer hope for the plant - [market development lead Steve] Friedewald expects the facility will start up eventually, but it may be a couple of years before the Viridis team recruits new investors or secures funding to finish final build-out and com...