3:00 p.m. on Monday, August 12, 2019
Thar Extracts CO, LLC a wholly owned subsidiary of Thar Process announced today that it will open a new hemp processing facility in Pueblo. Thar is cGMP Certified and employs more than 110 people in 3 states. Pittsburgh-based Thar is the global leader in CO2 technology and equipment for the hemp and cannabis industries.
“Thar Process is thrilled to return to Colorado to create the premier Certified cGMP, Certified USDA Organic Extraction and Purification facility in the country. With a Joint Venture partner in PSC Group based in Denver, we have a genetics partner who works with farmers throughout the West to bring Certified seed into our Certified facility.” Said Dr. Lalit Chordia, CEO of Thar Process.
Thar made the announcement at 3:00 p.m. on Monday, August 12, 2019. Details of the project include:
- 27 new full-time jobs with an Average Annual Salary: $42,037. (Pre-Benefit)
- $405,000 from the City of Pueblo’s half cent fund for economic development (contingent on approval from the Pueblo City Council)
- $12 Million in capital investment
“PEDCO is thrilled to work with Dr. Chordia and Thar on this incredible project for Pueblo,” said Jeff Shaw, President and CEO of PEDCO. “Dr. Chordia and his team have been a pleasure to work with and it is evident why Thar enjoys such a great reputation in the CO2 extraction of lipids and oils.” We look forward to a long relationship with Dr. Chordia and his team and thank the citizens of Pueblo for making this possible through their continued support of the half cents sales tax fund.”
“We are thrilled to welcome the Thar Group to the Pueblo community,” said Andrew Trainor, PEDCO Chairman of the Board.
“They are a major player in the emerging hemp industry and will be one of the first hemp companies to locate in the Pueblo Airport Industrial Park. PEDCO has been concentrating on growing the hemp cluster of businesses for quite some time and Thar will become an anchor to that group. They will bring in several millions of dollars of capital investment to their industrial park location and it is great example of a public / private partnership economic development project. Thank you Thar for choosing Pueblo as your new home”