Local investors propose $75M‑scale glycerin plant in Pueblo, ask for $15M public support

Ralph Armijo, who identified himself as the founder and CEO of the proposing company, presented a pitch on July 31 to locate a glycerin manufacturing facility in Pueblo and asked public entities to provide $15 million in startup support. “We believe we will create at least 50 plus skilled labor jobs or manufacturing positions within the city within the first year,” Armijo said.

Armijo said the financing request comprises a $3 million grant for job creation and a $12 million structured loan amortized over 30 years at 6.5 percent with interest deferred for the first year. He told commissioners the city or county that participates would receive 20 percent of company profits until the loan is repaid and would hold first position on company assets; he also said the company would…