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Chevron Corporation Message Board

  • bluecheese4u bluecheese4u Mar 22, 2013 1:54 AM Flag

    KiOR ships first production of wood chip-based diesel

    KiOR ships first production of wood chip-based diesel

    Posted on March 18, 2013 at 10:42 am by Jeannie Kever

    A Pasadena-based company that produces renewable fuels from wood chips has shipped the first production of cellulosic diesel from its plant in Columbus, Miss.

    Fred Cannon, president and CEO of KiOR Inc., said the shipment proved the company’s process can be scaled up to commercial levels.

    “With this shipment, we have now operated our proprietary biomass platform from beginning to end at commercial scale,” he told analysts on a conference call Monday to announce the company’s fourth-quarter earnings.

    KiOR was founded in 2007 by Khosla Ventures and a group of scientists. The plant in Columbus, the company’s first commercial-scale facility, uses pine wood chips to produce gasoline and diesel.

    KiOR announced a net loss of $29.7 million, or 28 cents a share, for the fourth quarter of 2012, reflecting the plant start-up costs. That compares to a net loss of $14.9 million, or 15 cents a share, for the fourth quarter of 2011.

    Biofuel debate: EPA adds to controversial biofuel mandate

    Cannon acknowledged that KiOR had hoped to complete its first shipment of cellulosic diesel in late 2012 but said “normal start-up issues” and a widespread power blackout in Columbus last November put the company behind schedule.

    He said the company expects to ramp up to full production slowly, and will produce 3 million to 5 million gallons of cellulosic diesel this year.

    That would be an enormous jump. The


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