'Premium Peanut' expands - WALB.com, South Georgia News, Weather, Sports

'Premium Peanut' expands

Premium Peanut is expanding in Coffee County. (Source: WALB) Premium Peanut is expanding in Coffee County. (Source: WALB)
The plant is located in Douglas. (Source: WALB) The plant is located in Douglas. (Source: WALB)
Ken Fountain is the chairman of the board. (Source: WALB) Ken Fountain is the chairman of the board. (Source: WALB)
Groundbreaking for the oil facility was on Thursday. (Source: WALB) Groundbreaking for the oil facility was on Thursday. (Source: WALB)
DOUGLAS, GA (WALB) -

The biggest peanut shelling plant in the world is growing even larger. 

Premium Peanut was created just one year ago in Coffee County. 

The company shells and ships to various places world-wide. 

Now the company is adding a $14 million peanut-oil facility to the plant. 

Rather than selling the oil stock to other companies, management said they'll process it themselves.

That means the farmers will get paid for the oil too. 

"Not only will we spend $14 million here, there will be several more million dollars spent and gain back from, back in the pockets of the grower, owners," said Ken Fountain, Chairman of the Premium Peanut Board. 

The new facility will be able to produce more than 3 million gallons of peanut oil per year. 

It's expected to be up and running in 2018.

Operations for the current shelling plant will run 7-days a week starting in September. 

Fountain says the plant plans on hiring 100 people

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