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Tag Archives: biofuels

County wants loan to build levee for KiOR plant

NATCHEZ — Adams County is applying for a $3 million state loan to help pay for a levee to be built on the site of the former Belwood Country Club. The levee is part of the county’s commitment to an economic recruiting package to bring alternative fuels company KiOR to Adams County. The Belwood property fills with water during high ...

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County to spend $5.1 million for levee at KiOR site

ADAMS COUNTY — Adams County will spend $5.1 million to put up a levee at the industrial site where a biofuels company intends to locate. Biofuels company KiOR said Monday it would locate its second Mississippi production facility in Natchez, a move that will create 300 jobs. The facility will be built on a 120-acre tract of land comprised of ...

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KiOR chooses Natchez, not Newton, as site for second plant

NATCHEZ — Biofuels company KiOR says it will locate its second Mississippi production facility in Natchez, a move that will create 300 jobs. The Natchez Democrat reports the facility will be built on a 120-acre tract of land comprised of the former Belwood Country Club. The company had originally announced the facility would be located in Newton. The announcement was ...

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

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 continued long-term commitment of two ...

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BlueFire Renewables lands financing MOU for Fulton project

— BlueFire Renewables lands financing MOU for Mississippi bioenergy project, 5 others Biofuels Digest reports today that California-based BlueFire Renewables has entered into a Memorandum of Understanding with China Huadian Engineering Co. to finance its integrated Power Plant and Biorefinery in Fulton, Miss. and up to five additional plants in the United States. Under the MOU, Huadian will invest equity ...

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Mabus: Biofuel research crucial to U.S. Navy

STARKVILLE — Mississippi State University biofuel research can help the Navy achieve national security goals by providing domestic energy from non-fossil fuels, according to Secretary of the Navy and former Mississippi governor Ray Mabus. Mabus addressed the university’s annual biofuels conference to discuss his vision for biofuels assisting with strengthening national security. “We simply buy too many fossil fuels from ...

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KiOR reports loss, but plant still on schedule

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 stock-based compensation expense. COLUMBUS — ...

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Appeals panel upholds Tacker's biofuel scam conviction

NETTLETON — A federal appeals panel upheld the conviction of a Mississippi businessman for his role in defrauding a biofuels subsidy program. A three judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans issued the ruling yesterday. William T. “Tommy” Tacker II was convicted in 2010 on 10 counts that he conspired to defraud the U.S. ...

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