CAMDEN, Ind. (WLFI) — A new project that will cost from $300 million to $400 million is coming to Carroll County, and it’s bringing hundreds of new jobs with it.
GEP Fuel & Energy Indiana is choosing Camden, Indiana, to create a recycling center and diesel refinery. The two facilities are expected to create more than 240 new jobs.
GEP is investing upwards of $300 million on the project. Both facilities will be located near State Road 75, south of Camden.
“The first one is called Camden Recycle Center, and it’ll take in about a million tons a year of waste plastics,” GEP President Stephen Hogan said.
He said the waste plastic will be turned into renewable fuels in the second facility, the diesel refinery.
Carroll County Economic Development Corporation Executive Director Laura Walls said the corporation has been working on this project since April.
“The state only does three or four of these a year so for Carroll County to land something like this, this is a big day for us,” Walls said.
She said the tax abatement process for the project will be complete Dec. 14.
“It’ll still generate millions of dollars in tax revenue to the county, but the savings over that 10-year period to the company will be $12.9 million,” said Walls.
The recyclable material will come from areas in the Midwest and avoid going into landfills.
“So, just imagine 40 rail cars a day not going into landfills,” Hogan said.
An empty field, just south of Camden, is the future location of the project. Hogan said the plan is to hire and train local residents to work at both facilities.
“We like the community and we like the work ethic of the folks that live here,” Hogan said. “And we think they’ll make great employees for us.”
The diesel refinery is expected to open in 2018 with more than 90 employees. Two years later, the recycling center will open with about 160 employees making between $43,000-$49,000 per year.
Construction will start in spring 2017.