HOXIE, AR - At least 36 people have already invested in planned soybean oil and biodiesel plant in Clay County.
The Natural Fuels plant is being planned for a 65-to-70 acre tract in the Corning Industrial Park. The plant is expected to cost up to $100 million and will provide a local market for soybeans. The plant will also extract oil, sell soybean meal and process biodiesel fuel.
Natural Fuels is seeking 200 investors to buy shares of $10,000 each.
The facility is planned for Corning.
An information session was held last night in Hoxie, and another is set for tomorrow night in Paragould, and on August 2 in Poplar Bluff.