If KiOR does not finalize the details of a $25 million commitment from a California investor within the next nine days the company expects to default on a $75 million loan it received from the state of Mississippi.
The Texas-based alternative fuel company, which operates a biomass conversation facility in Columbus, has made three payments on its loan to the Mississippi Development Authority, according to MDA public relations manager Jeff Rent. Each payment was for $1.8 million.
KiOR's outstand
William Browning was managing editor for The Dispatch until June 2016.
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