Biofuel company announces plans for Natchez refinery
A British company aims to build a $300 million refinery in southwest Mississippi to turn wood into the equivalent of diesel or jet fuel.
KiOR exploring sale, hires firm to assist
KiOR has hired a firm to perform financial advising and assist in exploring a possible merger or sale.
The company, which built a $218 million plant in Columbus in 2011, made the announcement in a filing to the U.S. Securities and Exchange Commission Wednesday.
KiOR misses scheduled loan payment to state
The Mississippi Development Authority confirmed Thursday that KiOR, an alternative fuel company that in 2011 built a $218 million facility in Columbus, did not make its latest scheduled loan payment to the state.
KiOR begins layoffs, more expected
KiOR laid off approximately 18 employees at its Columbus facility Tuesday and that is likely only the beginning.
KiOR’s future remains in doubt
KiOR issued its report on the first quarter of 2014 to the Securities and Exchange Commission on Monday and the company again stated that it has concerns about its biofuel operation’s future.
KiOR gets $25M financial commitment
KiOR announced that it had closed the deal Monday on $25 million in financing that will keep the biofuel maker’s doors open at least through August.
KiOR stares down default on MDA loan
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.
KiOR has ‘substantial doubts’ about future
KiOR may be done in Columbus.
On Monday, the company filed its end-of-the-year financials with the Securities and Exchange Commission. The 257-page report paints a bleak picture of the company’s future.
Columbus biofuel plant to resume operations in spring
KiOR’s biofuels plant in Columbus will likely be up and running again in April, according to CEO Fred Cannon.
The Texas-based alternative fuel company’s 500-ton per day facility on The Island has been shut down since the beginning of January for maintenance, Cannon said.
KiOR shuts down production to make improvements
The facility on The Island that converts wood chips to fuel stopped production in December and remains offline today.
Adams Co. approves contract at KiOR site
Adams County supervisors have approved a $522,673 to relocate a sewer line on the former Belwood County Club property, the future site of KiOR’s Natchez alternative fuel production facility.
The Natchez Democrat reports that the contract went to T.L. Wallace Construction.
KiOR begins production
Local biofuel plant KiOR has started production and released its third quarter earnings.
KiOR in critical phase as it readies for production
According to company officials, KiOR has entered its start-up phase and expects to ship product by the end of the year. However, waining investor confidence has resulted in a falling stock price.
KiOR to research bamboo as biofuel
Alcorn State University, in Lorman, is partnering with Pasadena, Texas-based KiOR, researching bamboo as a biofuel.
Mississippi Development Authority legislation that brought KiOR to Columbus also included funding for Alcorn and Mississippi State University.
Biofuels facility set in Golden Triangle; Barbour tours landfill
Gov. Haley Barbour is scheduled to tour the Golden Triangle Regional Landfill on Thursday where local officials will be building an operation to capture methane gas to produce electricity.
Kior pieces together new, $200M plant
When it’s all said and done, Kior will have spent more than $200 million to bring its first commercial plant to Columbus.
Port Authority signs on to support biofuels project in Columbus
The Lowndes County Port Authority board Wednesday approved a memorandum of understanding for a new KiOR biofuels plant to be located in Columbus, at the Columbus-Lowndes County Port.
Turning trees into gasoline
Two centuries ago, wood served as our energy fuel for the American frontier, providing home heat and powering commercial furnaces and eventually steam engines.
State approves biofuel project for Columbus
Mississippi lawmakers on Friday swiftly approved a multimillion dollar incentive package for what state and company officials call a first-in-the-world project to convert timber products to a crude oil substitute.
Biofuel company to locate in Columbus (video)
JACKSON — Columbus is first in line to receive one of three renewable biofuel production plants in Mississippi. Governor Haley Barbour announced Thursday KiOR of Houston, Texas, has agreed to invest $500 million to build three facilities in Mississippi and create an estimated 1,000 jobs.