Home » NEWS » Energy » KiOR signs another offtake agreement for Columbus plant

KiOR signs another offtake agreement for Columbus plant

COLUMBUS — KiOR Inc., a renewable fuels company, and Catchlight Energy, LLC (CLE), a 50-50 joint venture between subsidiaries of Chevron Corporation and Weyerhaeuser Company focused on providing liquid transportation fuels from sustainable forest-based resources, announced they have signed a conditional offtake agreement for CLE to purchase gasoline and diesel fuel blendstocks from KiOR’s first commercial production facility in Columbus.

Terms were not disclosed.

“This offtake agreement is the latest development in KiOR’s progress to commercialize renewable transportation fuels,” said Fred Cannon, President and CEO of KiOR. “When finalized, our agreement with Catchlight Energy will help bring KiOR’s renewable fuels to market so we can help diversify the country’s energy sources.”

CLE’s purchase of products is contingent on, among other things, satisfaction of product specification criteria and RIN certification of the products as cellulosic biofuels under the U.S. Renewable Fuel Standard. The companies have also signed a testing and optimization agreement to optimize the compatibility of KiOR’s blendstocks with Chevron’s facilities.

This is the second offtake agreement KiOR has signed for its Columbus facility, having announced an agreement with Hunt Refining Company in March 2011. KiOR expects to begin production at its Columbus facility in the second half of 2012.

Source: KiOR Inc.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About For the MBJ

Leave a Reply

Your email address will not be published. Required fields are marked *

*