Last update: 09.07.2011
KiOR breaks ground, signs FedEx
Source : domesticfuel.com
KiOR has had a busy week. They recently announced a ground fuel supply agreement with FedEx. Under the agreement, KiOR will supply renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services. This is the company's first end-user agreement. The oil will be produced at the company's first commercial production facility in Columbus, Mississippi that is scheduled to go online in the second half of 2012. KiOR has broken ground on the plant, and when in production will convert 500 tons of biomass a day into 11 million gallons of oil. "We are excited to be working with a premier transportation company like FedEx", said Fred Cannon, KiOR's President and CEO. "This agreement with the services company of direct end users is another step toward delivering our fuel blendstocks to the market."
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25 May 2011 |
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