Commonwealth Journal

News Live

January 29, 2014

Continental Refinery Co. adding jobs and growing

Somerset —

A health and safety technician will join Continental Refining Company (CRC) February 3, increasing to 49 the number of employees at the Monticello Street refinery.
“I think the community needs to know this,” Missy Shorey, spokesperson for the refinery, said of the health and safety technician coming aboard.
Shorey said the revitalized refinery has exceeded expectations during its first year of operation.
“It is amazing the economic boost CRC has given the Somerset community!” Shorey exclaimed. She reminded that CRC has surpassed its original prediction of 40 employees when the plant was back in operation.
“As of today (Thursday) we have 48 employees,” she reiterated. The refining operation is expected to generate an additional 200 ancillary jobs.
The former Somerset Refinery, after being closed about two years, was purchased by Continental Refining, a Somerset-based corporation, in December 2011. Continental Refining Company is one of two crude oil refineries in Kentucky and one of only 150 refineries in the United States. It is the closest refinery for crude oil producers within a 170-miles radius. 
Refining operations resumed last January, processing crude oil supplied by Sunoco Partners Marketing & Terminal LP as well as regional producers.
  With a promise of $60 million in upgrades during the next five years, Continental Refining Company (CRC) announced last fall a $1.6 million to $2.2 million expansion of the former Somerset Refinery that includes a value-added liquid petroleum gas plant and a reactor to produce ultra-low sulfur on-road diesel. Shorey said this week the refinery is moving ahead with this project and refining of crude oil is on its production schedule.
 The new gas plant will reduce emissions and process crude-oil liquid petroleum (LPG) byproducts butane and propane. Up to 10,000 gallons of propane and butane can be converted daily, a news release from the company said. 
 The project expands existing infrastructure to capture, pressurize and store high margin, crude oil byproducts propane, butane, and natural gasoline – often referred to as NGL products or Y-Grade. These products, after further processing, are sold as fuel for residential, commercial, and industrial consumers at higher profit margins.

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