Biofuel plant coming to Mississippi
Governor Haley Barbour and officials from KiOR, a biofuels company headquartered in Pasadena, Texas, announced last week that the company is locating five biofuel production facilities in Mississippi.
In total, KiOR will be investing more than $500 million in its Mississippi facilities and has committed to create at least 1,000 direct and indirect jobs in the state.
KiOR’s revolutionary catalytic conversion process allows the company to convert biomass, from a variety of feedstocks, including wood products and agricultural waste, into a high-quality renewable crude oil, known as Re-Crude™, that can be used as a direct replacement for imported crude 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.