Mississippi KiOR Facility Sold To Georgia Company

The KiOR plant site in Columbus has been purchased. Georgia Renewable Power, a company whose work primarily focuses on coal plants and wood chip mills, purchased the struggling biofuel outfit’s equipment on The Island on Friday. Cal Garland, whose company partnered with Georgia Renewable Power on the purchase, told The Dispatch this morning the plan […]

The KiOR plant site in Columbus has been purchased. Georgia Renewable Power, a company whose work primarily focuses on coal plants and wood chip mills, purchased the struggling biofuel outfit’s equipment on The Island on Friday.

Cal Garland, whose company partnered with Georgia Renewable Power on the purchase, told The Dispatch this morning the plan is to install a wood chip mill at the site and send the chips to Ireland.

Steve Dailey, a vice president of construction with Georgia Renewable Power, however, said the company has agreed to remove the equipment from the site. He said plans for the future are still unknown, three days after the purchase.

Lowndes County Board of Supervisors President Harry Sanders confirmed the sale this morning. He said the 22 acres that KiOR built a biofuel refinery on was not part of the purchase. The land will revert to the Lowndes County Port Authority. Derek Henderson, a Jackson attorney serving as receivership attorney in the matter, said the purchase was made for $2.1 million. Lowndes County tax assessor Greg Andrews said KiOR’s debt to the county, city and school district was $1,105,000 as of Oct. 1. Henderson indicated that those taxes would be made.

KiOR, a Texas-based business, built a $200 million biofuel plant on The Island that was designed to convert wood chips to fuel. The company struggled to make the facility operational, though, and it has not operated since late 2013.

From The Dispatch: http://www.cdispatch.com/news/article.asp?aid=45216

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

POST A COMMENT

Your email is never published nor shared. Required fields are marked *

*
*

Subscribe

Looking to subscribe to Wood Bioenergy magazine? It's simple, just follow the link to our online subscription form and complete the required fields and submit. If you'd rather talk to a real live human being, feel free to give us a call at (800) 669.5613'

Contact

To contact Wood Bioenergy magazine, either call (334) 834-1170 or email us at [email protected]

TAG CLOUD