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Renewable fuels company KiOR closes $75M loan

Renewable fuels company KiOR, Inc. (earlier post) has closed a $75 million four-year term loan with a lender group comprising an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo).

The additional capital de-risks KiOR’s near-term business plan, decreases KiOR’s dependency on volatile capital markets and allows additional front-end engineering work on our second facility.

—Fred Cannon, CEO

KiOR is a development-stage company commercializing a two-step catalytic pyrolysis technology platform to convert non-food biomass into gasoline, diesel and fuel oil blendstocks. KiOR’s blendstocks may be transported using existing distribution networks and are suitable for use in vehicles on the road today.



I wonder what part of this $75 mil is tax dollars from Range Fuels that were never paid back?

"By the time the project folded, federal taxpayers had invested about $84 million and gotten $2 million back. Of that total, $44 million was in the form of a U.S. Department of Energy grant (originally approved for $76 million). The rest was the Department of Agriculture loan guarantee, which was originally approved for $64 million."


We will never get paid back for the money borrowed and wasted on war. We will continue to pay with interest and have no benefits what so ever.

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