MS: BioFuel Producer to Locate Facilities in Mississippi; Project to Create at least 1,000 Jobs
16 Sep, 2010
KiOR, a biofuels company headquartered in Pasadena, Texas, recently announced it will be locating five biofuel production facilities in Mississippi. The company has committed to invest more than $500 million in its Mississippi facilities and will create at least 1,000 direct and indirect jobs in the state.
KiOR has selected Columbus, Miss., and Newton, Miss., as the new locations for its first facilities and has determined that another facility will be located in southwest Mississippi. The company is in discussions with other communities around the state regarding the locations of two additional plants and will announce those locations after it had made its final determinations.
KiOR will use Mississippi's abundant, renewable natural resources to create a high-quality crude oil substitute, which will help meet our nation's energy needs and reduce our dependence on foreign oil. The company's low-cost, feedstock flexible technology reduces nature's process of creating oil from a period of millions of years down to a matter of seconds. Using existing refinery infrastructure, KiOR's crude oil substitute can be refined into gasoline and diesel for use in the cars and trucks on the road today.
For more information, please visit the company's website at www.kior.com.