Monday, November 17, 2014

KiOR Files For Bankruptcy

Troubled Pasadena, Texas-based biofuels company KiOR has finally filed for bankruptcc last week.h The company filed for bankruptcy protection in Delaware last week, saying that it hopes to sell its assets to affiliate of early investor and shareholder Vinod Khosla. The company filed for bankruptcy in the U.S. Bankruptcy Court of Wilmington, Delaware. Kior faced a number of issues in scaling out its cellolosic biofuel efforts, and had been laying off staff since June.