Friday, August 29, 2014

Pike County officials announce new natural gas to synthetic fuels plant

Bringing dozens of high paying jobs to the region, that is the headline of an announcement made today in Louisville.

House Speaker Greg Stumbo alongside Pike County Judge Executive Wayne T. Rutherford called Thursday a proud day and a good day for Eastern Kentucky as they announced the first step to bringing a natural gas to liquid plant to Pike County.

Announcing preliminary approval for up to 18 million dollars in tax incentives to RCC Big Shoal which is a company that converts natural gas to various synthetic oils.

Bill Johnson with RCC Big Shoal says Pike County is a great choice for the company. He said 

“There is a great amount of human resource here, people wanting to work, with good intentions.... plus with the amount of natural gas wells in Eastern Kentucky makes it an ideal location.”

The facility will produce 1,700 barrels a day, creating 30 full time jobs in the first unit making about 34 dollars an hour. This will bring high wage jobs aimed at helping coal miners and their families.

Once completed, officials say the plant will employ more than 50 people.