Search Results for 'kior'

KiOR pays off back taxes with revenues from equipment sales

KiOR pays off back taxes with revenues from equipment sales

October 19, 2015 |

In Mississippi, KiOR has made good on the $1.1 million in back taxes it owed to local authorities, nine months late and eventually assessed with a 1% late payment fee. The funds will be split almost evenly between the local school district, the county and the city of Columbus where the facility is located. The […]

Read More

Renewable Energy Group acquires KiOR hydrotreater, distillation column, tankers for $1.5M

Renewable Energy Group acquires KiOR hydrotreater, distillation column, tankers for $1.5M

October 6, 2015 |

Remainder of the production plant goes to auction next week In Iowa, a subsidiary of Renewable Energy Group has received approval from a Mississippi court to purchase certain equipment at the KiOR Columbus, LLC production facility. Under the approved asset purchase agreement, REG Synthetic Fuels, LLC paid $1.5M, plus certain expenses related to equipment preparation, […]

Read More

Judge allows KiOR Columbus plant to sell off pieces with REG and chipmakers first up

Judge allows KiOR Columbus plant to sell off pieces with REG and chipmakers first up

October 5, 2015 |

In Mississippi, REG Synthetic Fuels is paying $1.5 million for refining equipment from the former KiOR biofuel plant in Columbus while Georgia Renewable Fuels is paying an undisclosed price for wood-processing equipment after a judge approved the sales. GNF is waiting for court permission to locate its wood chipping plant either at the site of […]

Read More

US Bankruptcy Court OKs KiOR Chapter 11 $29 million exit facility

US Bankruptcy Court OKs KiOR Chapter 11 $29 million exit facility

June 9, 2015 |

In Delaware, a US Bankruptcy Court judge has ruled just a day after finding that KiOR’s bankruptcy plan had too many milestones attached to its $29 million exit facility to go ahead, that the new Chapter 11 plan without said milestones is just fine. The Mississippi Development Authority was pushing to get the Chapter 11 […]

Read More

Bankruptcy hearings continue in KiOR case this week

Bankruptcy hearings continue in KiOR case this week

June 8, 2015 |

In Delaware, hearings resume this week in the US Bankruptcy Court in Wilmington for KiOR’s bankruptcy case where the Mississippi Development Authority is trying to keep the company’s bankruptcy restructuring plan from getting approved. The MDA wants the company to be converted to Chapter 7 from Chapter 11.

Read More

Trustee doesn’t believe KiOR will have enough money to be viable post Chapter 11

Trustee doesn’t believe KiOR will have enough money to be viable post Chapter 11

May 27, 2015 |

In Delaware, Acting U.S. Trustee Andrew Vara says KiOR shouldn’t be allowed it implement its bankruptcy reorganization plan to leave Chapter 11, saying it won’t have enough money to be a viable business. According to the plan, the company will have $30 million in exit financing with about $7 million going to creditors and $10 […]

Read More

County judge appoints local lawyer as KiOR Columbus plant receiver

County judge appoints local lawyer as KiOR Columbus plant receiver

January 28, 2015 |

In Mississippi, a Jackson lawyer was appointed by a Lowndes County judge as receiver of the KiOR Columbus plant at the request of Vinod Khosla. The receiver  will be paid by the Mississippi Development Authority and will be in place until Aug. 1.

Read More

US Bankruptcy judge gives OK to KiOR’s $15 million debtor-in-possession plan

US Bankruptcy judge gives OK to KiOR’s $15 million debtor-in-possession plan

January 19, 2015 |

In Delaware, a judge at the U.S. Bankruptcy Court in Wilmington has approved KiOR’s $15 million debtor-in-possession financing facility despite objections by the Mississippi Development Authority. The MDA has been trying to convince the court that the company should not get Chapter 11 bankruptcy protection but instead Chapter 7 liquidation.

Read More

KiOR cancels bankruptcy auction while slamming MDA for playing rough

KiOR cancels bankruptcy auction while slamming MDA for playing rough

January 12, 2015 |

In Delaware, KiOR says it canceled its bankruptcy auction set for last Friday because it received no qualified bids other than the $16 million debt-for-equity swap that senior lenders put forward included in its Chapter 11 plan. The company and those owned by majority shareholder Vinod Khosla say the Mississippi Development Agency is pursuing aggressive […]

Read More

Mississippi Development Authority trying to force KiOR into liquidation

Mississippi Development Authority trying to force KiOR into liquidation

January 8, 2015 |

In Mississippi, the Mississippi Development Authority is displeased with KiOR’s plans to sell the rest of the company back to Vinod Khosla as part of its Chapter 11 restructuring, saying the move allows the original owners to keep the value while dumping the debt. The agency has told the bankruptcy court in Wilmington, DE that […]

Read More