The ethanol industry has not made progress as fast as expected on a more environmentally sound successor to corn ethanol. But so-called advanced biofuel companies are making progress scaling beyond the demonstration stage.
Pasadena, Texas-based Kior said yesterday it intends to raise as much as $100 million by going public on the stock market. The money will be used to fund construction of a commercial-scale biofuel facility in Mississippi, which is now under construction and is expected to be opened next year.
The company already has a demonstration facility making what it calls "gasoline and diesel blendstocks," or … Read more