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Obama's Administration To Loan $25 MILLION To Support The Manufacture Of An Artificial Sweetener For Soda Pop.

zbacku 2012/06/19 16:25:39
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Let’s move! USDA loans $25M for diet cola sweetener

Joel Gehrke


President Obama’s Agriculture Department, which forms an integral part of First Lady Michelle Obama’s war on childhood obesity, announced it will provide a $25 million loan guarantee to support the manufacture of a sweetener used in soda pop beverages.

Myriant Technologies will use the loan guarantee to build a plant in Louisiana. “The facility will make succinic acid, which is used primarily as a sweetener within the food and beverage industry,” the USDA noted. Diet cola beverages in particular rely on succinic acids, according to the U.S. Patent and Trademark Office. The acid is also a prospective ingredient in bio-based plastic products, such as Coca-Cola bottles, according PRW. “Currently it is made from butane, using petrochemicals, but the new plant will convert grain sorghum, an actual food source and a sustainable resource source, into succinic acid and ammonium sulfate,” the USDA added.

The new USDA nutrition guide, MyPlate, does not include diet colas. The first lady, who spearheaded the healthy foods initiative that generated the nutrition guide, recently praised New York City Michael Bloomberg’s proposed ban on the sale of large soft drinks.

“I applaud local leaders including mayors, business leaders, parents, etc., who are taking this issue seriously and working towards solving this problem,” Mrs. Obama said of the Bloomberg ban. “But this is not something the administration is pursuing at a federal level and not something I’m specifically endorsing or condemning.”

In addition to the USDA money, the company received $44 million in Energy Department grants and $10 million from the state ($79 million in subsidies, total).

Myriant touts its independence from government subsidies on its website. “[O]ur products don’t require government subsidies to be cost-competitive with traditional, petroleum-based chemicals,” Myriant says. “[O]ur technology platform takes care of that.”

Read More: http://washingtonexaminer.com/lets-move-usda-loans...

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Top Opinion

  • dave b 2012/06/19 16:55:28
    Stop Spending Money We Don't Have.
    dave b
    +7
    Yet another pile of taxpayer dollars literally thrown away by the Obamanation.

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  • Charles E 2012/06/20 20:26:34
    What Do You Think?
    Charles E
    There must be an Obama supporter running short of cash to contribute to his reelection fund so they give taxpayers money we don't have to a company that claims to not need it to make up the falloff in campaign cash.
  • Walt 2012/06/20 05:37:57
    Stop Spending Money We Don't Have.
    Walt
    +1
    A prime goal of the 0bama administration is to waste as much of our money as possible. If 0bama wasn't a thief, he would be giving Saul Alinsky, Richard Cloward and Frances Fox Piven full credit.
  • wtw 2012/06/20 02:04:37
    Stop Spending Money We Don't Have.
    wtw
    +2
    It isn't his money to spend!
  • Charles E wtw 2012/06/20 20:27:51
    Charles E
    He's not even spending, he is giving away.

    Sounds like anothe Solyndra.
  • SA 2012/06/20 01:28:09
    Stop Spending Money We Don't Have.
    SA
    +2
    That is crazy!!
  • Don Leuty 2012/06/20 01:06:38
    Care To Comment?
    Don Leuty
    +1
    If it were that important the private sector would already have it covered. In many ways, they already do. Coming up with another artificial sugar is reinventing the wheel. The variety of diet drinks is incredible. This has the appearance of just another political contributor payback.
  • Charles E Don Leuty 2012/06/20 20:28:37
    Charles E
    +1
    Hear Hear! That connection will come out soon.
  • 4dc 2012/06/19 22:17:31
    Stop Spending Money We Don't Have.
    4dc
    +2
    plain, simple, understandable...even for idiots...but that of course is why liberals cannot grasp it
  • Striker 2012/06/19 21:51:04
    Stop Spending Money We Don't Have.
    Striker
    +2
    Yes, spending for anything which is None of Your Business, Gov!
  • Charles E Striker 2012/06/20 20:29:53
    Charles E
    +1
    And it is none of the Federal Government's business, no matter how much the unelected Mochelle thinks it is a good idea.
  • TruBluTopaz 2012/06/19 20:01:52
    I'd Rather Have Pure Sugar Than A Bio-Based Plastic Product In My Pop.
    TruBluTopaz
    Here's something you won't see noted, most sodas don't have sugar. Sugar was displaced by corn sweetner, which is subsidized like corn ethanol, as a prop to the price of corn. This is done by congressmen to get votes from states like Nebraska, Iowa, Kansas, Illinois and MIssouri. The switch from sugar to corn sweetner almost coincides with our obesity problem. Corn sweetner may taste sweet but the body assimilates it differently. And if you start reading labels IT IS IN EVERYTHING.
  • beachbum 2012/06/19 19:55:17
    Care To Comment?
    beachbum
    +2
    This is just really, really special. The medical field is telling us how bad artificial sweetners are, how toxic they are to the body, yet our gov't is spending taxpayer $ to support the manufacture of the stuff that is harmful to the human body.
  • wtxwoman 2012/06/19 18:38:14
    Care To Comment?
    wtxwoman
    I'd like it if they'd put Stevia in everything that uses artificial sweetner. It is a natural sweetener from a plant, not artificial and it doesn't bread down in heat and would be great in drinks. I use it all the time for limade, cereal, coffee, tea, etc.
  • Christy 2012/06/19 18:23:08
    Care To Comment?
    Christy
    It looks like an important part has been left out: "Myriant’s Lake Providence commercial plant is expected to create approximately 40-50 direct and highly-skilled jobs, approximately 250 construction jobs and an estimated 300 indirect jobs. The project will be the first and only bio-succinic acid plant in the United States and its construction will help revitalize the U.S. manufacturing base, bringing much needed job growth to Northeast Louisiana."

    http://www.businesswire.com/n...

    So the company is building the first plant of its kind in the US, creating hundreds of US jobs, and eliminating the need to import a much-used product? I'm okay with that.
  • zbacku Christy 2012/06/19 22:01:38
    zbacku
    Just think how many jobs Obama has tossed down the tubes by not letting the Keystone Pipeline ROT.
  • heirsoftheking 2012/06/19 18:13:56
    Stop Spending Money We Don't Have.
    heirsoftheking
    +5
    I wonder what health problems THIS will cause?
  • Jeff Smith 2012/06/19 17:32:16
    Care To Comment?
    Jeff Smith
    +1
    Automotive anti-freeze has a sugary taste they could kill two birds with one stone and rid the country of the obese and those stupid enough to drink it I'm sure Monsanto would be first in line to develop something sweet and poisonous
  • Just me ∞ijm♥G☮F♀U∞ 2012/06/19 17:27:29
    I'd Rather Have Pure Sugar Than A Bio-Based Plastic Product In My Pop.
    Just me ∞ijm♥G☮F♀U∞
    +4
    Straight up sugar is better for you than substitutes. To me, this "loan" is a waste of money.
  • ☆stillthe12c☆ 2012/06/19 17:20:43
    Stop Spending Money We Don't Have.
    ☆stillthe12c☆
    +4
    The government needs to stop with the spending.
  • whitewulf--the unruly mobster 2012/06/19 16:57:30
  • dave b 2012/06/19 16:55:28
    Stop Spending Money We Don't Have.
    dave b
    +7
    Yet another pile of taxpayer dollars literally thrown away by the Obamanation.
  • JanHopkins 2012/06/19 16:40:31
    Care To Comment?
    JanHopkins
    +2
    Why? They already have one.
  • Charles E JanHopkins 2012/06/20 20:33:21
    Charles E
    +1
    There are already several artificual sweetners created without taxpayer giveaways.
  • superangrymonkey 2012/06/19 16:27:20
    Stop Spending Money We Don't Have.
    superangrymonkey
    +2
    This one

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2013/06/18 08:01:34

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