We're located just about 40 miles north of Titusville, PA where the first oil well was drilled by Colonel Drake back in 1859. That well set off quite a boom in the area back then and the town of Oil City was established just down the road. The old refineries located in Oil City have since closed their doors but one of those old refineries, formerly owned by Pennzoil, is going to be the site of a new biodiesel plant. Plans call for an initial annual capacity of 36 million gallons and it will be using soybean oil from the midwestern U.S.
This is one of the best uses for an old refinery property that I can think of and I hope it's very successful. Once they break ground and get things going, we'll see about getting some photos and an interview with company representatives.
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