Cellulosic fuels company KiOR reveals “substantial doubts” about its viability; funding needed by 1 April
Green Car Congress
MARCH 19, 2014
Other than that commitment, however, Kior said it has no other near-term sources of financing. Kior said that if it is unsuccessful in finalizing definitive documentation with Khosla on or before 1 April 2014—i.e., The crude oil proceeds to the hydrotreating unit to be refined into gasoline, diesel and fuel oil.
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