Trump policy upends Metro East fuel plant

When a new presidential administration takes office, policy shifts can ripple through the business world in unexpected ways. This week, reporter Jim Drew joins the show to share the story of Chrysalis Biosciences — a company that, at the start of 2024, was poised to transform a shuttered ethanol plant in Sauget, Illinois into a production facility for renewable jet fuel. With a landmark investment from a $200 million sustainable aviation fuel fund led by Airbus, the future looked bright.But after Donald Trump returned to the White House, the Biden-era support for sustainable fuels evaporated, investors lost interest, and Chrysalis was forced to pivot. Erik and Jim break down how changes to federal tax credits, carbon intensity scoring, and the Inflation Reduction Act reshaped the playing field — not just for Chrysalis, but for ethanol producers nationwide. Plus, we explore the company's next chapter: a two-part strategy to restart conventional ethanol production while building new fermentation technology to manufacture biopolymers and surfactants, potentially adding 100 jobs to the Metro East economy.Then, events director Dana Dhom stops by to preview the St. Louis Business Journal's upcoming events, including the Fast 50 Awards on September 24th at City Winery and the 40 Under 40 Awards on November 5th at FanDuel Sports Live in Ballpark Village — plus a look ahead at upcoming panel discussions on the city-county merger question and the future of downtown St. Louis.Read Jim Drew's full reporting on Chrysalis Biosciences at bizjournals.com/stlouis.See the full SBJ events calendar here