HomeFoodGroundbreaking held at new soybean biodiesel refinery

Groundbreaking held at new soybean biodiesel refinery

FRANKFORT, KY. — Continental Refining Co. (CRC) on Dec. 21 broke floor on a new soybean crushing, biodiesel refining and mixing facility in Somerset, Ky.

CRC first introduced plans to take a position $26.8 million within the venture in April. The new facility might be positioned on CRC’s current 77-acre web site and can present merchandise that embody soy meal, soy oil, soy hulls, biodiesel, ultra-low sulfur diesel, crude glycerin and gasoline. Soybean processing is anticipated to start in early 2022, with the operation’s new fuels terminal established by subsequent summer time. Once operational, CRC mentioned the power is anticipated to course of practically 84,000 tons of soybean per yr and generate as much as 5 million gallons of biofuel yearly.

CRC acquired a $1.7 million-plus grant from the US Department of Agriculture in help of the venture by way of the Higher Blends Infrastructure Incentive Program.

“We are excited for this next chapter for CRC,” mentioned Kris Gibson, common supervisor and vice chairman of operations at CRC. “The ability to produce biofuels and soy-based products in Somerset will open new markets while providing farmers, CRC’s customers, vendors, investors and the community a solid agritech business opportunity that provides a positive economic impact for the entire region.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments