Owensboro Grain obtains investment for expansion

Advantage Capital Partners, a leading venture capital and small business finance firm, has invested $10m in Owensboro Grain Company, a soy product and edible oil producer.

The funds, raised in connection with the Kentucky New Markets Development programme, will allow the company to expand its operations to include a glycerin refinery plant.

The construction of this new facility will bring 10 new permanent jobs to the area and will create approximately 40 construction jobs.

Owensboro Grain produces a vast array of products from soybeans including meal, hull pellets, oil and lecithin for human and animal consumption.

The addition of a glycerin refinery plant will allow Owensboro Grain to expand its offerings as well as utilise the full potential of local agriculture in a green energy initiative.

Source: Advantage Capital Partners

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