Continental Refining Co. (CRC) is likely to invest nearly $20 million to set up a soybean crushing, biodiesel refining as well as blending facility at its oil refinery in Somerset, Kentucky.
The proposed investment will open new markets while providing farmers, customers and the community a resilient agtech business opportunity. CRC has garnered the support of Agriculture Development Councils (ADCs) in Wayne, Pulaski and Adair counties.
The company’s transformational concept has been well received by the local as well as regional communities as well as suppliers of raw materials.
The company has reportedly completed evaluation of the project’s feasibility and detailed design is in progress along with equipment procurement, and construction of a soybean processing facility.