KiOR raises $90 million; at the forefront of new generation pyrolysis

In Texas, Earth2Tech profiled the early-stage pyrolysis venture KiOR, which is producing 15 barrels per day of biocrude using its fast pyrolysis technology and a proprietary catalyst which produces fuel with 92 percent lower carbon emissions fossil-based crude oil. The company raised a total of $90 million in a Series B funding round, and is aiming to license its technology to oil companies and biomass feedstock developers, based on a technology originally pioneered by Bioecon in 2006.

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