KiOR, Inc. operates as a renewable fuels company. The company develops a commercial process to produce cellulosic gasoline and diesel from abundant, lignocellulosic biomass. The company has developed a two-step technology platform that converts non-food lignocellulose into cellulosic gasoline and diesel that can be transported using the existing fuels distribution system for use in vehicles. While other renewable fuels are derived from soft starches, such as corn starch or cane sugar, for ethanol, or from soy and other vegetable oils for biodiesel, cellulosic fuel is derived from lignocellulose found in wood, grasses and the non-edible portions of plants. In 2012, the company completed construction of its initial-scale commercial production facility in Columbus, Mississippi. This facility is designed to produce up to 13 million gallons of cellulosic diesel and gasoline per year. In 2012, the company commissioned its proprietary Biomass Fluid Catalytic Cracking (BFCC), operation at the Columbus facility, and produced its first ‘on specification’ cellulosic intermediate oil in limited quantities. During 2013, the company commissioned the Columbus facility’s hydrotreater and fractionation units, and made the company’s cellulosic diesel and gasoline shipments in March 2013 and June 2013, respectively. Strategy The company’s strategy is to utilize its proprietary technology platform to produce cellulosic gasoline and diesel at prices that are competitive with their petroleum-based counterparts. Main elements of its strategy include the following: planning to expand base of prospective customers; pursuing a feedstock strategy designed to maximize feedstock flexibility and reduce costs; and leveraging technology and expertise to increase yields and the efficiency of process. Customers The company’s major customer includes Jet Pep, Inc. Intellectual Property As of December 31, 2013, the company held 34 U.S. patents for its technologies with expiration dates ranging from July 2026 through June 2032. Additionally, the company had approximately 70 pending U.S. patent applications and 200 pending foreign patent applications. Research and Development The company spent $33.2 million on research and development activities in 2013. Environmental and Other Regulatory Matters The company’s operations are subject to various federal, state and local environmental laws and regulations that govern the discharge of materials into the environment or otherwise relate to environmental protection. Examples of these laws include: the CAA, and analogous state laws that impose obligations related to air emissions and regulate fuels and fuel additives; the federal Comprehensive Environmental Response, Compensation, and Liability Act, also known as CERCLA or the Superfund law, and analogous state laws; the federal Water Pollution Control Act, also known as the Clean Water Act; the federal Resource Conservation and Recovery Act, also known as RCRA, and analogous state laws; the Endangered Species Act; and the Toxic Substances Control Act and analogous state laws. History KiOR, Inc., a Delaware corporation, was founded in 2007. The company was incorporated in 2007 in Delaware.
kior inc - cl a
(KI4:Berlin Stock Exchange)
13001 Bay Park Road
Pasadena, TX 77507
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