Under terms of the agreement, Perihelion Global will be allowed recoup the entire cost of the $40 Million BioFuel Refinery via tax abatements. The investment will be recouped at 5% of the total cost of the project per annum over 20 years.
Additionally, the City of Opp, Covington County and the State of Alabama have granted a 10 year abatement of all property taxes, excluding taxes designated for funding public education.
Perihelion's BioFuel Refinery in Opp, Alabama which be the largest Bio-Fuel Refinery in North America
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