Kentucky Gov. Andy Beshear announced yet another innovative company will establish its New Kentucky Home, as Meridian Biotech will open a new facility in Franklin County. The project, part of a partnership with Buffalo Trace Distillery to convert distillery byproducts into multifunctional alternative proteins, includes a $40 million investment and will create up to 35 high-tech, well-paying jobs.
“We are proud to welcome Meridian to Frankfort with this incredible investment that will create high-quality jobs, strengthen our economic future and continue to grow Kentucky’s iconic bourbon industry,” Gov. Beshear said. “It’s partnerships like these that prove we can honor tradition while embracing transformation and that Kentucky can be a leading force in the biotech industry.”
The new state-of-the-art Meridian facility will convert byproduct from the distilling process into proteins that can be used for aquaculture products, pet foods and organic fertilizer. Meridian will be the first biotech company to locate in Franklin County, with construction expected to begin later this year. Meridian also plans to work with Kentucky State University to offer internships and to collaborate with the school’s engineering department.
“By reimagining distillery stillage as a resource rather than a byproduct, we’re pioneering new pathways in biotechnology that have the potential to transform the spirits industry,” said Brandon Corace, president of Meridian Biotech. “Like Buffalo Trace, we are committed to making a long-term, positive economic impact on the community. We believe our technology will play a pivotal role in enhancing Buffalo Trace’s commitment to innovation, as well as setting a new standard for the spirits industry. We could not be more pleased with the close working relationship with Buffalo Trace, in addition to welcoming support from local and state officials.”
Founded in 2017, the Lexington-based company develops sustainable biotechnological innovations to overcome the food challenge faced by the growing global population. In 2021, Meridian was selected to present its innovative technology during the Distillers Grain Reverse Pitch Competition, which was hosted through a partnership between the Distillers Grains Technology Council, the James B. Beam Institute for Kentucky Spirits, Awesome Inc., the Energy and Environment Cabinet and KY Innovation, within the Kentucky Cabinet for Economic Development, with support from the Kentucky Distillers’ Association.
Buffalo Trace Distillery is an American, family-owned company based in Frankfort. The Distillery’s rich tradition dates back to 1775. It is a National Historic Landmark and is listed on the National Register of Historic Places. Its history includes such legends as E.H. Taylor Jr., George T. Stagg, Albert B. Blanton, Orville Schupp and Elmer T. Lee. Buffalo Trace is a fully operational distillery, producing bourbon, rye and vodka.
Franklin County Judge/Executive Michael Mueller said the company aligns with the local leadership’s vision for the community: “We thank Meridian Biotech for their catalytic investment in Franklin County. Their commitment to sustainable and transformative technologies are a great match with our aspirations. Buffalo Trace Distillery continues to invest in being a model environmental steward and corporate citizen. These two companies together demonstrate how bright the future is. We also want to thank Team Kentucky for their assistance helping Meridian Biotech find a home in Franklin County.”
Frankfort Mayor Layne Wilkerson noted the collaboration required to make the project possible: “We’re thrilled to welcome Meridian Biotech to Frankfort, the result of a strategic effort to attract investment in the growing biotech sector and another sign of our city’s economic momentum. Their groundbreaking approach to repurposing distillery byproducts complements Frankfort’s commitment to innovation, our deep bourbon heritage and Buffalo Trace Distillery’s dedication to excellence. Having spent time with Meridian’s leadership, I’m confident their presence will significantly boost our community and demonstrate to other innovative companies that Frankfort is the right place for business. We appreciate the Team Kentucky’s efforts in supporting this venture and look forward to Meridian’s continued growth and success.”