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Thursday, Sep 26
KiOR soars 48% on project to double Columbus production capacity
- KiOR (KIOR +48.6%) says it will pursue plans to double production capacity at its Columbus, Miss., cellulosic fuels facility through construction of a second facility.
- The Columbus II project is expected to cost ~$225M and will take ~18 months to construct and start up.
- KiOR says Columbus II will allow each Columbus facility to achieve greater yields, production capacity and feedstock flexibility.
- KiOR says it received $50M in commitments from Khosla Ventures and Vinod Khosla toward the project.