Governor Ernie Fletcher’s Communications Office
Governor's Chief of Staff Speaks at Grand Opening of Kentucky Bioprocessing in Owensboro
FRANKFORT, Ky. – Governor Ernie Fletcher’s Chief of Staff Stan Cave was in Owensboro today for the grand opening ceremonies of Kentucky BioProcessing, LLC. The bioprocessing company operates a unique, state-of-the-art facility which enables a great range of quality bioprocessing services. Commissioner of Agriculture Richie Farmer and Keith Rogers, executive director of the Governor’s Office of Agriculture Policy (GOAP), also took part in the event.
“This collaborative effort shares Governor Fletcher’s vision of Kentucky becoming a leader in plant made natural products and enables new leadership in this emerging industry,” said Chief of Staff Cave. “The Kentucky Agricultural Finance Corporation realized the upside potential of this project as well as the opportunities for Kentucky farmers. It is this kind of vision that pioneers new industry.”
The Kentucky Agriculture Finance Corporation (KAFC) provided a $3.6 million loan to assist in the purchase of the former Large Scale Biology Corporation (LSBC), which shut down its operations in late December 2005. In March 2006, the sale was approved to Owensboro Medical Health Systems, which created Kentucky BioProcessing, LLC (KBP). The main focus of the KBP facility will be extracting purified proteins and other value added products from plants and organic materials. This can lead the way to natural product production from plants and opportunities for Kentucky farmers.
KBP will work with several natural product companies – including the Kentucky Tobacco Research and Development Center, the University of Kentucky and the University of Louisville – to maximize the use of the facility. KBP and Owensboro Biotech Alliance also have a strong connection to some of the most knowledgeable farmers who helped LSBC pioneer this emerging industry.
Kentucky continues to make great strides toward lessening Kentucky’s dependence on tobacco production while revitalizing the farm economy. KAFC was created to provide capital access for agricultural diversification and infrastructure projects. KAFC has approved $14,369,448 in loans (78 projects) since June 2005.
For more information on this project, contact Hugh Haydon, CEO of Kentucky BioProcessing, LLC, at (270) 663-6106. To learn more about loan programs available though KAFC, contact GOAP at (502) 564-4627.