Kior starts production cellulosic biofuels in US

Kior starts production of cellulosic biofuels in US

10:03 AM, 9th November 2012
Kior starts production of cellulosic biofuels in US

PASADENA, US: Kior Inc began production of cellulosic biofuels at its first commercial facility as other US biofuel companies struggle to shift their technologies from the laboratory to the factory. Kior’s facility in Columbus, Mississippi, will be able to produce more than 13 million gallons (49 million liters) of gasoline and diesel a year once it reaches full capacity in nine to 12 months, said Kate Perez, a company spokeswoman. The company is planning another plant in Natchez, Mississippi, which will be three times bigger.

“Kior has lost 49 per cent of its market value since raising $150 million in its June initial public offering. The plant began production last month, on schedule, and encountered only normal start up issues,” said Fred Cannon, CEO, Kior to Bloomberg News.

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