In Mississippi, KiOR has signed an offtake agreement with Hunt Refining of Tennessee for biofuels produced at the facility KiOR is developing in Columbus. The company is planning to invest $500 million in three wood chip-to-biofuel plants in Mississippi and the Columbus plant is expected to be online in 2012. The state’s development authority is granting KiOR $75 million based on the deal with Hunt.
Category: Fuels