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DuPont to Repay $10.5M in Iowa Incentives Under Settlement

Company closed its cellulosic ethanol plant last year

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DuPont will give Iowa a check for $10.5 million — after closing and selling the world's largest cellulosic ethanol plant in Nevada last year, reports the Des Moines Register.

Iowa economic development leaders approved a settlement Friday that calls for DuPont to repay all but about $3.7 million it received in incentives in 2011.

Last week, DuPont announced it's selling the plant to Verbio North America, the Michigan-based subsidiary of Verbio Vereinigte BioEnergie AG, a German company.

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