Posts Tagged ‘REFINERY’

Chevron refinery dumps heavy oil into Gulf; no injuries

PASCAGOULA — A line leak has released about 45 barrels of heavy oil into the water around Chevron Corp.’s Pascagoula refinery wharf. The company says the spill occurred around 3:45 a.m. yesterday and specialized refinery teams have responded to the incident. Chevron officials say skimmer boats and oil absorbent boom have been deployed. Officials say […] [...]

KiOR closes on $75M loan to support first biofuels plant

by Published: January 29,2012

Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY

COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the […] [...]

KiOR reports loss, but plant still on schedule

by Published: August 14,2011

Tags: biofuels, energy, manufacturing, REFINERY, sustainable energy

KiOR Inc., for the second quarter of 2011, reported a net loss of $21.0 million, or $0.43 per share, compared to $19.4 million, or $0.27 per share, for the second quarter of 2010. KiOR’s second quarter 2011 loss includes $5.5 million of non-cash mark-to-market expense relating to KiOR’s warrant liabilities and $2.6 million of non-cash […] [...]

Enerkem rounds up another $30M in financing

CLARKSDALE — Enerkem Inc., a waste-to-biofuels and chemicals company, reports the closing of $30 million in additional financing through corporate equity ($15.3 million) and corporate debt ($15 million) transactions. As part of the equity financing round, The Westly Group, Fondaction CSN and Quince Associates, L.P. join existing investors Valero Energy Corp., Waste Management, Rho Ventures, […] [...]

Enerkem plans to build smaller plant

by Published: April 20,2010

Tags: biofuels, clean energy, construction, energy, REFINERY

PONTOTOC — A Canadian company has scaled back its initial plans to build a biofuels plant in Pontotoc County. Enerkem Corp. said last year it would invest $250 million in a new ethanol-producing plant that would create 150 jobs. It also would generate another 300 construction jobs during construction and startup phases. However, Marie-Helene Labrie, […] [...]

Refinery fire injures three in Louisiana

by Published: April 15,2010

Tags: fire, oil and gas, REFINERY, workplace safety

BATON ROUGE, La. — A fire at the Exxon Mobil refinery in Baton Rouge, La., has injured three workers. Company spokesman Jeff Neu says refinery firefighters quickly brought the blaze in a refinery unit under control Wednesday morning. The injured were transported to Baton Rouge-area hospitals. Neu says the fire had no impact outside the […] [...]

Chevron to shed 2,000 workers

by Published: March 10,2010

Tags: CHEVRON, jobs, layoffs, oil and gas, REFINERY

PASCAGOULA — Chevron Corp. says its refinery in Mississippi is safe and could possibly expand. Chevron said yesterday it will cut 2,000 jobs this year. It also will seek to sell some overseas entities. The Pascagoula refinery is Chevron’s largest in the United States with about 1,500 workers and refines 330,000 barrels of crude oil […] [...]

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