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Tag Archives: Vinod Khosla

State's ventures into alt-fuel markets net few jobs

Update: An earlier version of this article misstated that Khosla had controlled three companies, which was reflected in a headline.     By Jack Weatherly Solar-panel maker Stion Corp. is the only one of three alternative-energy companies that received a total of about $175 million in loans, plus other financial backing from the state of Mississippi that actually has employees today. ...

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Khosla seeks KiOR plant receiver, says Miss. ran off buyer

JACKSON — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery. Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, another escalation in a fight ...

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Mississippi tries to force KiOR into liquidation

JACKSON — The state of Mississippi is trying to force biofuel maker KiOR into liquidation. The company filed for Chapter 11 reorganization last year, with plans for controlling shareholder and financier Vinod Khosla to buy what’s left of the company. But the Mississippi Development Authority says that’s an inappropriate attempt to dump debt while allowing the original owners to keep ...

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Analyst: KiOR Columbus plant may end up sold as scrap

By Jack weatherly jack.weatherly@msbusiness.com   Finding a buyer for the idled KiOR biofuels plant at Columbus would be a tough sell, according to Pavel Molchanov, an equity analyst who had covered Pasadena, Texas-based KiOR Inc. until it filed for bankruptcy protection on Nov. 9. The state will be fortunate to recoup 10 percent to 15 percent of the $69.4 million ...

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KiOR intends to find buyer for bankrupt plant

KiOR Inc., a biofuels manufacturer, is seeking bankruptcy reorganization, though its Columbus facility was left out of the filing, giving rise to hopes that a buyer may be found for it. KiOR said in its Chapter 11 filing Sunday night in the U.S. Bankruptcy Court in Delaware that it does intend to find a buyer for the plant. Joe Max ...

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KiOR files for bankruptcy, but Columbus plant isn't included

COLUMBUS — Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. The company, based in Pasadena, Texas, filed for Chapter 11 bankruptcy protection late Sunday in U.S. Bankruptcy Court in Delaware, where it’s incorporated. KiOR defaulted on a loan from Mississippi last week after failing ...

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