CVMR, City of Amarillo ink deal for $1.5 billion refineryCVMR, City of Amarillo ink deal for $1.5 billion refineryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=276702022-06-20T05:00:00Z2022-06-21T21:00:00Z

AMARILLO – CVMR will build a 500,000-sf rare-earth mineral refinery on 540 acres off US 60. 

The city and Potter County agreed to numerous tax abatements and location incentive agreements prior to making a deal with CVMR. 

The​​ deal will provide CVMR with $20 million for the creation of over 1,000 jobs over the next ten years and a 100 percent tax abatement for ten years. 

This marks the largest project ever in Amarillo, costing $1.5 billion.

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