Virginia Gov. Terry McAuliffe announced Global Refining Group, Inc. is investing $4.2 million to open a catalytic convertor recycling facility in Lunenburg County, Virginia. The area had to compete with possible sites in Connecticut and New York for the facility, which is expected to create 30 new jobs, according to an official statement from the governor's office.
Global Refining Group is a sister company to ABC Recycling, which is one of the fastest growing companies in South Central Virginia, according to the statement. ABC Recycling was formed in 2006 with only three employees, and recycles vehicles, scrap metals and catalytic convertors.
ABC Recycling has become one of North America's largest catalytic convertor recyclers, but it is shifting the demand and responsibility over to Global Refining Group. ABC Recycling hopes Global Refining Group will expand as quickly as it did.
McAuliffe approved a $100,000 grant for the company to assist with the move. The Virginia Tobacco Indemnification and Community Revitalization Commission approved a $145,000 in funds for the new plant as well.
"This project is a great example of a spinoff company resulting from business success that will bring new jobs and investment to Lunenburg County," McAuliffe said. " The rapid growth of ABC Recycling created the demand for the establishment of Global Refining Group, which will take the recycling process to the next step and become the premier East Coast location for catalytic convertor recycling."
Businesses establishing new facilities and creating new jobs should work with manufacturing recruiters to find the most qualified candidates for their open positions.