November 8, 2012
KiOR, a renewable fuel start-up based in Pasadena, Tex., said Thursday that it had produced a crude oil made from wood chips at a plant in Mississippi and expected to refine it into gasoline and diesel and sell it commercially later this month. That would be a first for the cellulosic biofuel sector.
In a conference call with investment analysts, company executives would not say just how much they had made at the conversion plant, in Columbus, Miss., or how well it was running. But they said the remaining step, refining the oil into products, would involve standard technology.
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