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City approves bonds for Cargill biodiesel project

Bonds worth 38 million

July 10, 2018 - 11:26 am
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On Tuesday, the Wichita City Council considered a request to issue industrial revenue bonds to Cargill.

The company plans to build a new 20,000 square foot biodiesel plant in north Wichita, along with a 20,000 square foot building for new offices, loadout and storage.

The total project will cost $87 million while the bonds will be worth $38 million.  The company will get a tax abatement and a sales tax exemption.

Mayor Jeff Longwell was excited about Cargill's commitment to the city.  "We are thrilled that Cargill wants to invest $87 million into our city, and so anybody that wants to step up with $87 million we're happy to look at opportunities for you," he said.

Cargill will add eight employees with annual salaries ranging from $80,000 - $108,000. The bonds will be privately placed with Cargill.

The new facility will be constructed near 13th and Meade.

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