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The much-heralded mill, pushed by former Gov. Matt Bevin, promised to reshape northeastern Kentucky but missed a series of deadlines and never was built.
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Craig Bouchard is stepping step down as the leader of Braidy Industries at a time when the Kentucky company is still short of the $1.7 billion it needs to start building a long-anticipated and much-heralded aluminum plant outside Ashland.
Braidy Industries is telling potential investors that the aluminum mill it plans to build in north east Kentucky will open in 2021, not 2020 as previously projected. The company calls it a "minor adjustment to the construction schedule."
The aluminum startup said its founder made a 'heroic' move by serving as a 'bridge' to investors who weren't yet ready to buy into the company.
The company, in which Kentucky taxpayers have already invested $15 million, is trying to raise $500 million to begin construction of an aluminum rolling mill that promises to employ 600.