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FRANKFORT, Ky. (Dec. 21, 2021) - Today, Lt. Gov. Jacqueline Coleman and local and state officials joined executives from Continental Refining Co. to b. ....
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05.03.2021 - NEWS May 3, 2021 [S&P GLobal] – Continental Refining is moving forward with plans to install at its idled Kentucky oil refinery a soybean crushing and processing facility to make biofuels.
The 5,500 b/d hydrocarbon refinery was shut down in 2018 and in 2020 the company decided to make and blend fuels using local soybean oil, which it will crush itself, as a feedstock. “The Southcentral and Southeastern regions of Kentucky have industries and institutions that rely on diesel fuels, and because Kentucky is a leader in the nation for soybean production, the region also has the raw materials and technology to make biodiesel at a scale that reflects the local and regional demand,” said Demetrios Haseotes, CEO of Hemisphere Limited, a business management consultant company with holdings in real estate, shipping and refining including Continental Refining. ....
Monday, 03 May 2021 The 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. Soybean field (Continental Refining) 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’s transformational concept has been well received by the local, regional, and state community as well as suppliers of raw materials and custome ....
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 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 company said in an April 28 statement. The 5,500 b/d hydrocarbon refinery was shut down in 2018 and in 2020 the company decided to make and blend fuels using local soybean oil, which it will crush itself, as a feedstock. The Southcentral and Southeastern regions of Kentucky have industries and institutions that rely on diesel fuels, and because Kentucky is a leader in the nation for soybean production, the region also has the raw materials and technology to make biodiesel at a scale that reflects the local and regional demand, said Demetrios Haseotes, CEO of Hemisphere Limited, a business management con ....