CRC Announces $20 Million Investment for Biodiesel Plant in Somerset
by Leah Caudill (WTVQ) The Continental Refining Company announced it is moving forward with plans to invest an additional $20 million to acquire and install a soybean crushing, biodiesel refining and blending facility at the current CRC oil refinery in Somerset, KY.
CRC has completed its evaluation of the project feasibility and is making progress with detailed design, equipment procurement, permitting, and construction of a soybean processing facility, biodiesel plant, and a fuels terminal.
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CRC products will include: Soy Meal, Soy Oil, Soy Hulls, B100, Crude Glycerin, Bio Diesel, Gasoline, and other products.
CRC has garnered the support of Pulaski, Wayne and Adair County Agriculture Development Councils.
Local entrepreneur and Hemisphere Limited CEO Demetrios Haseotes purchased the refinery in 2011, investing more than $60 million updating and improving the facility’s crude oil refining capabilities.
Haseotes will now shift his focus to soybeans as the future of diesel energy production and additives at his Continental refinery, according to the statement.
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CRC would create up to 20 new jobs with an annual payroll of over $1.2 million and an average salary range of approximately $18-20 per hour.
To date, CRC has hired five of the needed 20 employees with plans to hire 6 more by Summer 2021, and the rest coming on board in the 4th Quarter of 2021, the company said. READ MORE
Continental Refining Company Advances “AgriTech” Transformation for Refinery Plant in Somerset: New Soybean Crushing Plant and Biodiesel Production Facility will be on the Cutting Edge of Food and Energy Production (Continental Refining Company)
CRC announces plans for Kentucky biodiesel plant (Biodiesel Magazine)
Continental Refining Co. breaks ground on soybean biodiesel refinery in Somerset (The Lane Report)
Lt. Gov. Coleman Helps Continental Refining Co. Break Ground on Soybean Biodiesel Refinery in Somerset (Somerset106)
Continental Refining breaks ground on soy-crush, biodiesel project in Kentucky (Ron Kotrba)