KiOR Comments on EPA's Proposed 2014 Renewable Volume Obligations
RFS Support is Necessary to Continue the Advancement and Commercialization of
PASADENA, Texas, Feb. 3, 2014 (GLOBE NEWSWIRE) -- In response to the proposal
of the U.S. Environmental Protection Agency (EPA) for biofuel mandates
pursuant to the Renewable Fuel Standards (RFS), KiOR has filed comments
asserting that the Renewable Volume Obligations (RVO), as proposed, have the
potential to significantly delay the growth of the advanced and cellulosic
"2013 marked an important year in cellulosic fuels production. KiOR
demonstrated that drop-in cellulosic fuels are now a reality at commercial
scale. These drop-in hydrocarbon fuels are not only made from non-food
feedstock but are also fully compatible with the existing fuel distribution
systems," said Fred Cannon, President and CEO. "It's important that we
continue to move our industry forward. In order to do so, it is critical to
have the support of the White House, other government officials and key policy
makers in upholding the goals and standards of what we believe the RFS
originally set out to do – promote substantial, sustained growth of biofuel
production and consumption. As it stands, the proposed 2014 RVO will likely
have the effect of delaying investment in rural America and the corresponding
good-paying permanent jobs that facilities such as KiOR's will bring.
"We have submitted our comments to ensure that the promise of RFS is
fulfilled, particularly given its importance to the development and
commercialization of biofuel technologies like KiOR's," concluded Mr. Cannon.
"We look forward to working with EPA, the White House and key policy makers to
craft a 2014 RVO rule that satisfies this important goal."
KiOR's full comments on the EPA's proposed 2014 renewable volume obligations
can be read here.
KiOR, a global leader in cellulosic gasoline and diesel transportation fuels,
has developed a unique proprietary technology platform to convert abundant and
sustainable non-food biomass into fuels for use in vehicles on the road today.
KiOR's cellulosic fuels, which may be transported using existing distribution
networks, help ease dependence on foreign oil, reduce lifecycle greenhouse gas
emissions and create high-quality jobs and economic benefit across rural
KiOR's shares are traded on NASDAQ under the symbol "KiOR." For more
information, please visit www.KiOR.com.
CONTACT: For media:
Starr Million Baker, INK Public Relations for KiOR
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