Commonwealth Journal

Local News

March 5, 2013

‘Everything going as planned’ for Continental Refinery

Somerset —  

“Everything is going as planned.”
Missy Shorey, spokesperson for Continental Refining Company (CRC), said this week there have been no hitches since the former Somerset Refinery restarted operations about the first of the year.   
An official local announcement was made February 3 that crude oil was again being refined at the Monticello Street location. The plant’s revival was announced nationally February 4.
The start-up is gradual, and the refinery is expected to be operating at full capacity in about six months.
  A public ceremony is being planned to celebrate restart of the refinery. “We are looking forward to a ribbon cutting sometime between now and summer,” Shorey noted. Demetrios Haseotes, president and CEO of CRC, indicated the opening ceremony may include a reflection of the refinery’s contributions to the growth of this community.
  “CRC has revived an 80-year-old company and given jobs to 35 families in the community and well as new business for vendors,” Shorey pointed out.
 Two additional workers will be on the payroll within the next two weeks, Shorey revealed. Haseotes said about 12 former Somerset Refinery employees are among the start-up work force.
  Somerset Refinery, one of two crude oil refineries in Kentucky, was a landmark business and one of the community’s most stable employers since the 1930s. It shut down in February 2010 due to financial difficulties.
  Continental Refining Company (CRC) purchased the refinery a little more than a year ago. It has secured a contract with Sonoco Partners Marketing and Terminals LP that will assure a consistent supply of crude oil. Haseotes said CRC is attracting local producers. “Everyday we are picking up local crude and adding more,” he assured.
 

1
Text Only
Local News
News Live
AP Video
Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Cat Fans Lap Up Feline Film Festival Michigan Plant's Goal: Flower and Die Veteran Creates Job During High Unemployment
Facebook
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks