Monday, July 7, 2014

HOLY BOONDOGGLE, BATMAN! Or "Has anyone seen our $70M?"

KiOR, the biofuels manufacturer, has four more months to begin repaying its $69.4M loan that the State of Mississippi made to it at the urging of former Gov. Haley Barbour (R - MS).  The State apparently passed up on the opportunity to seize KiOR's Columbus plant, which apparently doesn't work worth a dang anyway.

Read this entirely-too-depressing story here.

1 comment:

Anonymous said...

If the refinery cannot produce oil because the technology does not work, there is very little the state could do with the plant except salvage.