(606) 679-6301 info@conrefco.com

PRESS RELEASE

FOR IMMEDIATE RELEASE Contact: Kevin Borland
(202) 320-2301

Continental Refining Company Reopens with Fuels
Distribution and Bulk Lubricant Offering

Start of fuel distribution & bulk lubricant operations marks first phase of
refinery operation’s evolution

SOMERSET, KY (November 9, 2021) – The Continental Refining Company (CRC) announced today
that it will begin its reopening with fuel distribution & bulk lubricant operations offering on-site fueling
for retail, commercial and industrial, construction, agriculture, and residential customers. CRC is a fuel
producer and distributor located in Somerset, Kentucky serving customers in Pulaski and the eight
surrounding counties. CRC and Phillips 66 have entered into a marketing agreement to distribute
Phillips 66 bulk lubricants and products. The company will also offer two types of transport as part of
its services – large transport and tank wagon.
CRC will soon service the region as a one-stop shop for:

  • Fuels Equipment & Services – Spring 2022
  • Common Carrier Services – Spring 2022
  • CRC Fuels Terminal – Summer 2022

Local entrepreneur and Hemisphere Limited CEO Demetrios Haseotes purchased the refinery in 2011,
investing over $40 million updating and improving the facility’s crude oil refining capabilities. “We’re
excited to launch this first phase of CRC’s reopening and eventual evolution into a major player in next
generation of fuel, energy and food production,” Haseotes said. “It will be an incredible convenience
and benefit to the region’s farmers and other industries.”

Hemisphere Limited, the parent company of Continental Refining Company (CRC), announced late last
year that it would invest an additional $25 million to acquire, relocate and install a soybean crushing,
biodiesel refining and blending facility at the current CRC oil refinery. The ability to produce biofuels
and soy-based products in Somerset will open new markets while providing farmers, CRC’s customers,
vendors, investors and the community a solid AgriTech business opportunity that provides a positive
economic impact for the entire region.

More information about Continental Refining Company may be found at www.conrefco.com

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ABOUT HEMISPHERE LIMITED LLC: Hemisphere Limited is a management company headquartered in Somerset,
Kentucky which has evolved from years of extensive experience in creation and maintenance of assets in many businesses.
Those businesses include:

  • Real Estate Development
  • Maritime Ship Management
  • Oil Refining
  • Wholesale Petroleum Storage and Distribution
  • Agriculture Business
  • Convenience Store Operations
  • Dairy-Fluid Milk Processing
  • Truck Transportation Operations
  • Aviation

More information about Hemisphere Limited may be found at www.hemltd.com