NATCHEZ, Miss. (AP) — A British company aims to build a refinery in southwest Mississippi that will turn wood into the equivalent of diesel or jet fuel.
Velocys announced Friday that it has signed an option for a 100-acre (40-hectare) site in Natchez
The Natchez Democrat reports Velocys plans 40 refinery jobs paying an average of $100,000 yearly, and could indirectly support another 100 forestry jobs paying $40,000 on average.
Mississippi Development Authority Chief Economic Development Officer Billy Klauser says the company could invest several hundred million dollars.
Most Read Nation & World Stories
- Justices won't hear states' appeal over Planned Parenthood
- Dog that waited weeks in ruins of California wildfire is reunited with owner WATCH
- Need a transplant? First you'll need to prove you can afford it
- Yukon trapper shoots attacking grizzly — then finds his family already mauled to death
- Trump blames lawyer Michael Cohen for hush money 'liability'
The company says Adams County has offered it tax incentives worth $42 million, and says it could get $15 million in state tax breaks.
Velocys says Adams County has offered $4 million in land and upgrades and says local utilities have offered $1 million in upgrades.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/