Biofuels company to build three plants in state
Published: August 27,2010
JACKSON — A company that will produce a crude oil substitute from biomass plans to build its first three facilities in Mississippi.
Gov. Haley Barbour announced details yesterday of the project proposed by Texas-based KiOR.
KiOR president and CEO Fred Cannon says his company will become first to commercially produce biofuel through the catalytic conversion technology. The plants will be in the City of Columbus and Franklin and Newton counties, areas with large timber supplies.
Barbour has called a special session today for lawmakers to approve incentives for the project. Those incentives include a $75-million loan.
Barbour says the company won’t receive any state subsidies until it has signed a contract with a major oil company. Cannon says KiOR is in final negotiations with two refineries.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Judge moves McDaniel's lawsuit challenging loss to Cochran
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- Officials set hunting dates for birds; expands dove season by 20 days
- TECH 21 — Mississippi's most wanted in technology
- DAVID DALLAS — Mississippi needs one university
- Scientists seeing more invasive trapjaw ants on Coast
- R.J. Allen ranked as fastest-growing company in Mississippi
- Senate election ballot approved as McDaniel's challenge continues
- Trop Greenville ahead of schedule on significant expansion