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Tag Archives: REFINERY

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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Oil and gas hub slowly rebounding from Isaac

GULF COAST — The nation’s oil and gas hub along the Gulf Coast is slowly coming back to life in the aftermath of Hurricane Isaac. Offshore oil platforms are beginning to ramp up production as crews are returning. Refineries are beginning to restart units as power is restored and floodwaters are cleared out. While a substantial amount of oil and ...

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City officials sign sale option for new biofuels facility

ABERDEEN — Aberdeen officials have signed a sale option with SPW and Associates of Birmingham, Ala., in hopes of bringing in a biofuel plant. Monroe County Chamber of Commerce executive director Tony Green said the company plans to produce diesel and jet fuel at the Aberdeen site. He said SPW has put down earnest money, and if the purchase price ...

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Court rules schools do not have to share Chevron tax payments

PASCAGOULA — A 2007 state law is unconstitutional in requiring the Pascagoula School District to share some tax dollars generated from Chevron facilities with other districts, the Mississippi Supreme Court ruled yesterday. The ruling overturned a decision by a Jackson County judge who upheld the law. The Supreme Court had heard the Pascagoula School District’s appeal last June. The law ...

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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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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 there is no danger to ...

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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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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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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, Braemar Energy Ventures and Cycle ...

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Enerkem plans to build smaller plant

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, vice president of government affairs ...

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