A much-needed cash infusion from Vinod Khosla has provided cellulosic drop-in biofuel producer KiOR with sufficient reserves to continue operating for at least a few more months. The new investment has been earmarked as a down-payment for a doubling of production capacity, however, and the company will need to achieve success with its existing capacity if it hopes to land the necessary remaining financing. Proposed changes to the biofuels mandate by the EPA would make this task much more challenging if finalized by reducing the selling price of the company's fuel products.
Cellulosic drop-in biofuel producer KiOR (KIOR) won an 11th hour stay of execution with the September 26 announcement that original investor Vinod Khosla...
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