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KiOR gets loan guarantee from Energy Department

KiOR Inc. has received a term sheet for a loan guarantee supporting an over $1-billion biofuels project from the U.S. Department of Energy’s Loan Guarantee Program. The project would convert wood biomass into drop in biofuels such as gasoline and diesel fuel. KiOR’s project under the DOE loan guarantee program will consist of four biorefineries that will contribute approximately 250 ...

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