KiOR retains investment bank to explore sale or restructuring
COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena,...
View ArticleKiOR: Money will run out next of money month, bankruptcy possible
COLUMBUS — Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The company, which built a refinery in Columbus to turn...
View ArticleKiOR denies ex-director’s claims of problems with company’s technology
COLUMBUS — A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR’s technology to turn wood chips into an oil substitute, claims that could damage...
View ArticleDeadline passes and state receives no payment from KiOR
COLUMBUS — Mississippi officials say they didn’t get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena,...
View ArticleKiOR could owe state entire $69.4M debt plus interest
COLUMBUS — Mississippi has warned biofuel maker KiOR that it could demand immediate repayment of the company’s entire $69.4 million debt to the state, plus $8 million in interest, if the company...
View ArticleAnalyst: KiOR Columbus plant may end up sold as scrap
By Jack weatherly jack.weatherly@msbusiness.com Finding a buyer for the idled KiOR biofuels plant at Columbus would be a tough sell, according to Pavel Molchanov, an equity analyst who had covered...
View ArticleKiOR says Miss. seeks to destroy it in court ploy
JACKSON — Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. KiOR, based in...
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