Two big Century plants in Western KY (and satellite processing plants around them) and the Braidy/Rusal plant in the works in Eastern KY.
I have not kept track of the current progress of the Braidy/Rusal project but this may shed some light:
Executive: Kentucky Aluminum Plant Project Still Needs $500M
A Braidy Industries executive says the company still needs to raise $500 million to build a $1.7 billion aluminum plant in eastern Kentucky.
By Associated Press, Wire Service Content?Feb. 11, 2020, at 5:31 p.m.
via U.S. News & World Report
BRUCE SCHREINER, Associated Press
Link: https://www.usnews.com/news/best-states/kentucky/articles/2020-02-11/braidy-executives-give-update-on-plans-for-aluminum-plant
Excerpts:
FRANKFORT, Ky. (AP) — A company that promised a $1.7 billion aluminum plant in Appalachia still needs a $500 million cash infusion to do the job, the new CEO told Kentucky lawmakers Tuesday, following a corporate management shakeup.
Braidy Industries officials appeared before the Senate Appropriations and Revenue Committee following the recent ouster of Braidy's CEO, which raised new concerns about the prospects of the uniquely-structured project.
Kentucky taxpayers have a direct stake in Braidy’s plans to build the aluminum rolling mill near Ashland in northeastern Kentucky. During his term as governor, Republican Matt Bevin persuaded lawmakers to approve a $15 million state investment in the project. Even with that boost, the project struggled from the start to obtain the private capital it needed to get the project off the ground.
The state investment also sparked a legal fight over transparency, led by the Courier-Journal, which sought records detailing the company’s finances. Democratic Gov. Andy Beshear’s administration recently released those records, which Bevin’s administration had fought in court to withhold. Beshear defeated Bevin in last year’s election.
As you said, as always with Republicans, follow the money. I might add: follow the Russians too.
KY
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