KiOR fails to make MDA loan payment
KiOR has missed its final deadline for making a $1.85 million payment on its $75 million Mississippi Development Authority loan.
Mississippi warns KiOR it will seek debt, interest
Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt.
KiOR fails to meet state loan deadline
KiOR has failed to meet a deadline to pay a $1.85 million installment payment to the Mississippi Development Authority.
KiOR fights ex-director as debt nears due date
A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR’s technology.
KiOR misses payment with Adams Co.
Financially struggling fuel maker KiOR missed a key payment to Adams County this week that would have allowed the company to continue holding onto its undeveloped proposed industrial site in Natchez.
Financial filing: KiOR warns of bankruptcy
Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and bankruptcy could follow.
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.
Adams Co. industrial land not locked down
Even though the former Belwood Country Club property is under contract to KiOR, county officials say the valuable industrial property isn’t necessarily locked down to the financially struggling alternative fuels producer.
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.
Our view: Who stands for the environment?
Earlier this week, The Dispatch was the first to report on Columbus Light & Water’s refusal to process KiOR’s wastewater. The news was the latest in a string of bad news for the Texas-based public company, which has invested over $200 million in its Columbus plant.
Columbus Light & Water to KiOR: No more water
KiOR has been told not to release anymore wastewater from its facility into the Columbus water system because of potential harmful materials that could be present in the Texas-based alternative fuel company’s discharge water.
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.
Adams County supervisors extends option to KiOR
The Adams County Board of Supervisors has voted to extend an option contract on the former Belwood Country Club property to alternative fuel manufacturer KiOR.
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.
KiOR inches near deal for Columbus II
KiOR’s plan to build a second refinery in Columbus is closer to being a done deal.
Lowndes County Port Authority director John Hardy said the Texas-based alternative fuel refinery has hired engineering firm Neel-Schaffer to survey some land officials could potentially purchase from the county to locate a second plant.