Tag: Mississippi

Ergon Biofuels teams with Gavilon to supply corn to Vicksburg ethanol plant

Ergon Biofuels teams with Gavilon to supply corn to Vicksburg ethanol plant

March 11, 2015 |

In Mississippi, Ergon BioFuels announced that it has entered into a comprehensive services arrangement with Gavilon to originate and market grain at the company’s Vicksburg, Miss. facility. Under the terms of the agreement, Gavilon will operate the 3.2-million-bushel warehouse at the Ergon BioFuels facility and begin buying corn, soybeans, milo and soft red wheat from […]

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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.

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Mississippi biodiesel plant nearly destroyed in 2014 fire approved for re-start

Mississippi biodiesel plant nearly destroyed in 2014 fire approved for re-start

January 26, 2015 |

In Mississippi, the state’s Department of Environmental Quality says the JNS Biofuel plant in New Albany—which was destroyed last year in an explosion—has received the required permits to re-open, but a date hasn’t yet been set. The accident caused $3.5 million in damage but the new facility is much bigger, with feedstock storage for 130,000 […]

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Mississippi sues Khosla and others for fraud, negligence and conspiracy

Mississippi sues Khosla and others for fraud, negligence and conspiracy

January 15, 2015 |

In Mississippi, the KiOR saga continues where the state has sued Vinod Khosla and others for fraud, negligence and conspiracy, alleging that he and others knew that the technology has poor chances of success but tricked the state into lending it $75 million. The state says the company gave different yield estimates than what internal […]

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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 […]

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Ergo BioFuels to re-start Vicksburg facility in May

Ergo BioFuels to re-start Vicksburg facility in May

November 11, 2014 |

In Mississippi, Ergon BioFuels announced plans to restart the ethanol facility in Vicksburg, Mississippi, beginning May 2015. With nearly 60-million gallons of annual production capacity, Ergon BioFuels is one of the largest ethanol producers in the southeastern United States. Upon restart, the facility will purchase feedstock from local suppliers, providing substantial new market opportunities for […]

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Mississippi ready to call in KiOR’s entire loan and interest if deadline missed

Mississippi ready to call in KiOR’s entire loan and interest if deadline missed

November 4, 2014 |

In Mississippi, the state is playing tough with KiOR, saying that if the Wednesday midnight deadline is missed for a $1.9 million loan payment that was due last Friday, it will accelerate the payment of loan so that the entire remaining principle of $69.4 million along with $8 million in interest become due immediately. If […]

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KiOR has till Wednesday to pay Mississippi $1.9 million loan payment

KiOR has till Wednesday to pay Mississippi $1.9 million loan payment

November 3, 2014 |

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 […]

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KiOR’s problems get worse as former board member blows whistle

KiOR’s problems get worse as former board member blows whistle

October 9, 2014 |

In Mississippi, KiOR is neck-deep in two federal shareholder lawsuits as well as is under investigation for two similar suits by the SEC while trying to secure funding via Guggenheim Partners in order to pay its no-interest loan payment to the state by the end of October, and now a former board member—cum CTO—cum consultant […]

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KiOR needs capital to continue operating past September

KiOR needs capital to continue operating past September

August 13, 2014 |

In Mississippi, KiOR said in an SEC filing that it needs additional capital in order to continue operating past Sept. 30. Though how much additional funding wasn’t stated in the filing, it did say the needs were “substantial” to get its Columbus facility back online and fund its second commercial facility.  

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