By next summer, the firm expects to have its new fuels terminal operational and soybean processing to start. It is expected that the facility will process nearly 84,000 tons of soybeans annually and produce as much as 5 million gallons of biofuel. Eleven jobs have already been created as a result of this project, including administrative, sales, marketing, and maintenance positions.
It comes a month after CRC reopened Somerset refinery, which was closed for more than a year. It currently distributes Phillips 66 products and provides on-site fueling for retail, commercial, industrial, construction, agricultural, and residential customers in Pulaski County and the surrounding areas.
Through the Kentucky Enterprise Initiative Act, CRC was approved for up to $150,000 in tax incentives by the Kentucky Economic Development Finance Authority in September. Kentucky allows approved companies to reclaim sales and use tax on building costs, fixtures, and equipment used in research and development, as well as electronic processing.
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Published By
Arka Roy
www.constructioncost.co
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