In Mississippi, KiOR missed the deadline for a $1.9 million loan payment to the state but has a three-day grace period until Wednesday to make good, or it could risk forfeiting the plant in Columbus to the state. A total of $69.4 million is still owed on the $75 million no-interest loan provided by the state’s development authority. The company has been seeking an investor or buyout since July when it hired Guggenheim Partners to do so.
Category: Fuels