Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April
Green Car Congress
MARCH 19, 2014
in two weeks—it will not have adequate liquidity to fund operations and meet obligations (including debt payment obligations), and would not expect other sources of financing to be available. KiOR is aiming to reduce its cost structure by, among other things, decreasing natural gas consumption by the facility. Cost structure.
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