Appalachian Biofuels LLC To Locate Headquarters In Virginia
On October 29, 2014, Virginia Governor Terry McAuliffe (D) announced that Appalachian Biofuels LLC will invest about $3.5 million to establish its headquarters and an enzymatic biodiesel production facility in St. Paul, Virginia. The location is expected to create 40 jobs, which will be filled by former coal miners from the town of St. Paul and surrounding areas. Appalachian Biofuels will be refining waste feedstock materials with an enzyme to create biodiesel. The two organizations mainly responsible for offering financial incentives for Appalachian Biofuels to settle in Virginia are the Governor's Opportunity Fund, which provided a $200,000 grant, and the Virginia Tobacco Indemnification and Community Revitalization Commission, which provided a $210,000 grant.