Miss. Considers $50 million Incentive for Biofuel Project

August 30th, 2010
Clean Tech/Green Energy

Comments: KiOR is different than many biofuels companies because it makes a petroleum replacement, not ethanol.  The product, which is currently produced at a demonstration plant in Texas, can be shipped in pipelines and treated in existing refineries to make gasoline or diesel equivalents.

KiOR uses a priority catalyst in a fluid catalytic cracking process to convert woodchips, agricultural residue or other biomass into a petroleum substitute.   This process creates gasses that can be burned to make electricity to power the equipment. The company, which is backed by Khosla Ventures, raised $110 million to scale up its operation. Read article.

Editor: Greg Chafee