Continental Refining Company to invest additional $20M in biodiesel project

In Kentucky, Continental Refining Company (CRC) announced that 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, Kentucky. CRC has completed its evaluation of the project feasibility and is currently making progress with detailed design, equipment procurement, permitting, and construction of a soybean processing facility, biodiesel plant, and a fuels terminal.

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. CRC products will include: Soy Meal, Soy Oil, Soy Hulls, B100, Crude Glycerin, Bio Diesel, Gasoline, and other products. CRC’s transformational concept has been well received by the local, regional, and state community as well as suppliers of raw materials and customers of the CRC products. CRC has garnered the support of Pulaski, Wayne and Adair County Agriculture Development Councils.