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
- New research hints at 4 factors that may increase chances of long COVID
- They had COVID-19 once. Then, they got it again.
- Rare eagle seen in Maine, wowing birders, might stay a bit
- Justice Breyer to retire, giving Biden first court pick
- CDC travel warning flags 5 Caribbean destinations as 'very high' risk for COVID-19
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/