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.
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.
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