FRANKFURT, KY. – Continental Refining Co. (CRC) on December 21 opened a new soybean crushing, refining and biodiesel blending facility in Somerset, Ky.
CRC first announced plans to invest $26.8 million in the project in April. The new facility will be located on CRC’s existing 77-acre site and will supply products including soybean meal, soybean oil, soybean hulls, biodiesel, ultra low sulfur diesel, crude glycerin and gasoline. Soybean processing is expected to begin in early 2022, with the operation’s new fuel terminal being established by next summer. Once operational, CRC said the facility is expected to process nearly 84,000 tons of soybeans per year and generate up to 5 million gallons of biofuel per year.
CRC received a grant of more than $1.7 million from the United States Department of Agriculture to support the project under the Higher Blends Infrastructure Incentive Program.
“We are excited about this next chapter for CRC,” said Kris Gibson, CRC’s Managing Director and Vice President of Operations. “The ability to produce biofuels and soy products in Somerset will open up new markets while providing farmers, customers, suppliers, investors and the CRC community with a strong agritech business opportunity that will have a positive economic impact for the whole region.