File
Demetrios Haseotes, CEO of Hemisphere Limited LLC, announced Wednesday that subsidiary CRC oil refinery -- located off Monticello Street in Somerset -- is being converted to a soybean crushing, biodiesel refining and blending facility through a $20 million investment.
The Continental Refining Company (CRC) announced on Wednesday a new multi-million dollar expansion that will transform the oil refinery into a state-of-the-art AgriTech plant.
CRC 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 refinery. 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.