Posts Tagged ‘biofuel’

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

Biofuel manufacturer KiOR begins layoffs at Columbus plant

COLUMBUS — Biofuel maker KiOR is laying off employees as it idles its Mississippi refinery, intensifying questions about the future of the cash-strapped company. The company said yesterday that it has cut 18 employees. KiOR, based in Pasadena, Texas, said 55 employees remain at the Columbus plant. “Given the company’s limited cash flow, we do […] [...]

KiOR shutting down production at Columbus plant

COLUMBUS — KiOR has halted production at its Columbus plant in December to make improvements and has no plans to resume production during the first quarter of 2014. The company operates a plant in Columbus and plans to open a larger one in Natchez. The legislature approved $75 million in interest-free loans to Kior in […] [...]

Supervisors offer option on land to KiOR for plant

NATCHEZ — The Adams County Board of Supervisors has offered to extend an option on the former Belwood Country Club property to alternative fuel manufacturer KiOR. KiOR previously had a contract signed on a 120 acre-tract of the county-owned Belwood property but the option had expired. Board attorney Scott Slover tells The Natchez Democrat KiOR […] [...]

Biofuel plant fire extinguished; highway to reopen

NEW ALBANY — A fire at a north Mississippi biofuels plant has been extinguished. The fire, put out about 7:30 p.m. yesterday, had been burning since early Wednesday at the plant near New Albany, but no injuries were reported. There were also at least three explosions at JNS Biofuels, formerly known as North Mississippi Biodiesel. […] [...]

Homes evacuated as biofuels plant burns

NEW ALBBNY — Authorities say a fire is still burning at a north Mississippi biofuels plant and there has been a third explosion at the facility. Mississippi Emergency Management Agency spokesman Brett Carr said today that authorities are trying to figure if they should extinguish the fire or let it burn out. No injuries have […] [...]

Fire rages at North Miss. biofuel plant; too hot for firefighters

NEW ALBANY — A fire at a bio-diesel facility near New Albany was burning Wednesday and was so hot that firefighters could not get close enough to fight it, the Mississippi Highway Patrol said. The fire at North Mississippi Biodiesel was reported at about 5:30 a.m., Highway Patrol spokesman Trooper First Class Ronny Hall said. […] [...]

Ergon buys Bunge North America’s interest in joint venture

JACKSON — Ergon Inc.’s wholly owned subsidiary, Ergon Ethanol Inc., has acquired Bunge North America Inc.’s interest in and now owns 100 percent of Ergon BioFuels, LLC located in Vicksburg. Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC. Ergon BioFuels began as a joint […] [...]

Obama’s dirty little secret — cost of the green power push

by Published: November 12,2013

Tags: agriculture, biofuel, Business, corn, Mississippi

CORYDON, Iowa — The hills of southern Iowa bear the scars of America’s push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply. Even the cemetery that disappeared like an apparition into a cornfield. It wasn’t supposed to be this way. […] [...]

KiOR secures funding to increase biofuels production

COLUMBUS — A Texas-based company has secured funding to proceed with plans to double the production capacity at its biofuels production facility in Columbus. KiOR Inc., based in Pasadena, announced yesterday in a news release it has received $100 million in committed equity financing from Khosla Ventures, an investment company based in California, and Microsoft […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments