Refinery funding delayed, but Rusk County project said to be on track

Thursday, November 22, 2012 - 10:10am
Rusk County — Plans for a $181 million refinery in Rusk County remain on track — though slightly behind schedule — after the company involved requested an extension on the timeline to secure funding, a spokesman for Gregg County Refining said Wednesday.
The company received approval for issuing $181 million in tax-exempt bonds this summer, with Nov. 15 set as a deadline to secure financing by selling those bonds.
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