(606) 679-6301 info@conrefco.com

SOMERSET, KY (June 30, 2022) – Continental Refining Company (CRC) announced it has acquired Russell
County Oil, LLC, a bulk fuels provider based in Russell Springs, Kentucky. The acquisition is part of CRC’s
continued expansion as it is currently investing an additional $31.5 million to acquire and install a soybean
crushing, biodiesel refining and blending facility at the legacy CRC oil refinery in Somerset, Kentucky. The
purchase was completed Wednesday, June 29th.
The new acquisition includes Russell County Oil’s bulk terminal in Russel Springs, along with 200+ active
customers to whom it provides bulk fuel and wet fueling services for Russell and surrounding counties in the
region. The company also provides on-site tank solutions for high volume customers.
CRC serves as a fuel producer and distributor based in Somerset, Kentucky serving customers in Pulaski and the
eight surrounding counties. It officially reopened its fuel distribution and bulk lubricant operations last
November, offering on-site fueling for retail, commercial and industrial, construction, agriculture, and residential
customers. CRC has also entered into a marketing agreement to distribute Phillips 66 bulk lubricants and
products. The company offers two types of transport as part of its services – large tanker transport and tank
wagon.
Local entrepreneur and Hemisphere Limited CEO Demetrios Haseotes purchased the refinery in 2011, investing
over $71 million updating the facility’s crude oil refining capabilities over the years and adding the soybean
crushing, biodiesel refining and blending facilities.
Employment:
CRC will create up to 32 new jobs with an annual payroll of over $2.65 million (including taxes and benefits) and
an average salary range of approximately $18-20 per hour.
Facility:
CRC is located on 77 acres in the heart of Somerset, KY. Its revitalization includes the acquisition and
installation of a soybean crushing and biodiesel facility. CRC’s crushing facility will process nearly four million
bushels of soybean per year (84 thousand tons) while its biodiesel refining division will generate up to five
million gallons per year as planned. CRC’s product terminal will have the ability to distribute over 130 million
gallons of product.
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