GF - Red River BioRefinery
Doug Barrett | Sep 7, 2017 AT 1:42 pm
Grand Forks has taken steps to help land a bio-fuels company. The city council said “yes” this week to a five-year declining tax exemption for Red River Bio-Refinery. The company is looking to locate an 80-thousand square foot facility on eleven acres of land north of Simplot.
The business is looking to turn ag waste from food processors into ethanol for sale in California and Canada. The tax break will only apply to nine-point-five million of the 30-million dollar project.
Bio-Refinery’s Keshav Rajpal says he's been impressed with the quality of the Grand Forks workforce and in working with the University of North Dakota.
The estimated tax savings will be around 456-thousand dollars. The project will create 26 new jobs in the region.