Ever since the beginning of the ethanol mandate it was obvious to anybody with eyes to see that the whole thing was a boondoggle and a huge waste for everybody except ADM.
Hard to believe, but crony capitalism must be easier in China. “Welsh says his company is engaging in several conversations with both privately and state-owned organizations in China that are interested in licensing DSM’s technology”. Wonder if he got some leads from Southern Company about who buys unworkable technology in China?
Summary: * KiOR has until April 1 to score financing or it may file bankruptcy. * A formal SEC investigation looms. * There were several hints that both of these were coming. Things have turned from bad to worse to terrible for KiOR (KIOR). Based on its 10K filing with the SEC, the biofuel company’s […]
“Suddenly Cleantech was a dirty word.”So states a recent episode of 60 Minutes, highlighting the efforts of businessman Vinod Khosla. Khosla’s interview takes viewers right into Columbus, Mississippi, to view the KiOR biofuels plant. Khosla has poured millions of dollars into the project, which converts woodchips into “clean green gasoline.” In response to correspondent Lesley […]