Major Investment, Jobs For Carroll County

Posted: Updated:
CAMDEN -

The president of GEP Fuel & Energy Indiana says two new facilities set to be constructed in Carroll County will use groundbreaking technology to convert plastics into diesel fuel. Stephen Hogan says the company will invest between $300 and $410 million to build a recycling center and plastics-to-renewable diesel refinery in Camden, creating up to 256 jobs by 2020. Construction on the two facilities is expected to begin early next year.

Hogan says the recycling facility is the result of a partnership between GEP and Ohio-based U.S. Energy Logistics. The nearly 450,000 square-foot facility will employ up to 165 workers by 2020. 

Hogan says the recycling facility, which will be known as Camden Recycling LLC, will receive about 40 rail cars of waste plastic per day. The plastic will be washed, sorted and separated in the facility. Some of the recyclable plastic will be sold back to plastics manufacturers that can reuse it with the rest going to the second facility being constructed in Camden.

The diesel refinery, which will be known as Integrated Green Partners LLC, will be built next to the recycling center. That facility will take the non-recyclable plastics and convert them into about 75-percent ultra-low sulfur diesel fuel and about 25 percent high-quality gasoline blend. 

Hogan says, once the refinery is operational, it will be able to produce about 100 million gallons of diesel fuel and 30 million gallons of gasoline blend annually. The refinery will employ 91 workers by the end of 2018.

Camden was chosen after GEP considered sites in Texas and Pennsylvania for the facilities. Hogan says the local work force was a major contributing factor to locating in Carroll County.

"We're looking for a work force that we're going to have to train because this is pretty groundbreaking technology," said Hogan. "We'll be putting significant training dollars into our work force and our feeling was that, in that particular area, we love the work ethic and we felt like if we do a proper job of training our people and pay them a very competitive wage, they're likely to stay with us."

Hogan added the city's location to rail service and Indiana's competitive business environment were also factors in decided to locate in Camden. The Indiana Economic Development Corp. has offered GEP up to $2 million in performance-based tax incentives. Additional tax abatements from Carroll County are awaiting approval following a public hearing next month.

Hogan explains why Carroll County was chosen.
  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Events



  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • EnCom Polymers Investing in Evansville

      Evansville-based EnCom Polymers Inc. is bringing custom plastic production in-house. The company says it will invest nearly $15 million into acquiring the facility it currently leases, investing in new equipment and adding as many as 56 employees by 2021. EnCom Polymers also plans to add four production lines, a testing laboratory and an injection molder. The company currently employs 14 in Vanderburgh County and says it will add 17 positions immediately.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • Parent Company Seeks to Sell Lids Sports Group

      The Tennessee-based parent company of Lids Sports Group is attempting to sell the headwear and team athletics retailer that is headquartered in Zionsville. Genesco Inc. (NYSE: GCO) says it's part of an effort to focus on its footwear business, which includes Journeys locations in the United States and Schuh stores in the United Kingdom. The company says a strategic review process has found the move would create...

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.