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CEIDC hears refining investment pitch

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CDIDC LogoBy Jan White
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CROCKETT – In the regular board meeting of the Crockett Economic and Development Corporation (CEIDC), investors from the Houston area gave a presentation on a proposal for Project Texas Futura – an oil re-refinery endeavor in Crockett.

The investors previously reached out to the CEIDC with a proposal back in 2018 – 2019, but because of Covid, plans were delayed. The company plans to start with a small, one-acre plot. The company will refine or ‘repurpose’ oil to be used in passenger car motor oil, light-grade hydraulics, and transmission fluid.

Although the re-refinery would bring a handful of jobs to Crockett, there would have to be some reconfiguring of the CEIDC’s plan to lay a commercial-grade gas line in the Industrial Park. The presentation was for informational purposes, and there was no action taken on the matter.

The board also discussed funding the “Early Morning” project, which is the construction of the Starbucks located across Loop 304 from Walmart. The business made a request for additional funding to help with the construction of the project. No action was taken on the matter.

After a brief adjournment to Executive Session, the board reconvened but took no action on the items discussed during the session.

The meeting closed with a summary of community outreach activities by CEIDC. Executive Director James Gentry said that the agreement with the Workforce Commission for the purchase of a forklift and medical equipment for the Crockett ISD was nearing completion.

Gentry also reported that the CEIDC is exploring the possibility of acquiring the designation of a Free Trade Agreement, which would allow the import and export of goods and services without some of the tariffs, quotas, and other trade restrictions, and give the CEIDC a competitive edge in attracting new businesses to the area.

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