KiOR is a next-generation renewable fuels company that has developed a proprietary technology platform to convert biomass into renewable crude oil that is processed into gasoline, diesel and fuel oil blendstocks. The company built the first commercial scale cellulosic fuel facility in Columbus, MS, which started production in 2012. KiOR strives to help ease dependence on foreign oil, reduce lifecycle greenhouse gas emissions and create high-quality jobs and economic benefit across rural communities.
Key differentiating factors about KiOR include:
Breakthrough technology that leverages proven process
Ability to use of abundant non-food feedstocks
Access to a vast global market and large base of customers
Experienced management team that can deliver accelerated growth.
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Technology
KiOR
has developed a proprietary technology platform to convert
sustainable, low-cost, non-food biomass into a hydrocarbon-based
renewable crude oil. Using standard refining equipment, the company
processes its renewable crude into gasoline and diesel blendstocks
that can utilize the existing transportation fuel infrastructure
for use in vehicles on the road today.
In essence, KiOR’s technology simply reduces the time it takes to
produce oil from millions of years to a matter of seconds. The
company’s technology platform combines its proprietary catalyst
systems with a process based on existing Fluid Catalytic Cracking
(FCC) technology, a standard process used for over 60 years in oil
refining. The efficiency of KiOR’s process, called Biomass Fluid
Catalytic Cracking (BFCC), and the proven nature of catalytic
cracking technologies allow for significant cost advantages,
including lower capital and operating costs, versus traditional
biofuels producers.
KiOR processes its renewable crude oil in a conventional
hydrotreater, which is a standard process unit used in oil
refineries, into gasoline and diesel blendstocks that can be
combined with existing fossil-based fuels and used in vehicles on
the road today.
KiOR
produces renewable gasoline and diesel blendstocks that are
comparable to their fossil-fuel based counterparts and can easily
be dropped-in to the existing fuel supply, offering a more
environmentally friendly fuel option to consumers at the pump.
According to a full lifecycle emissions analysis of KiOR data,
based on the Argonne National Laboratory's Greenhouse Gases,
Regulated Emissions and Energy Use in Transportation, or GREET
model, using KiOR'sdata, KiOR’s gasoline and diesel blendstocks are
projected to reduce direct lifecycle greenhouse gas emissions by
more than 80% compared to fossil-based gasoline and diesel.
Given the infrastructure compatibility of its renewable fuels, KiOR
expects to access the $2 trillion global transportation fuels
market while also benefiting from government programs, such
as the US Renewable Fuel Standard.
KiOR’s renewable blendstocks can be combined with conventional
gasoline and diesel fuels by refiners and oil companies and sold to
distributors of finished products, or end users of fuel products.
To date, KiOR has signed fuel offtake agreements with Hunt
Refining, Catchlight Energy, and FedEx Corporate Services, thus
demonstrating its ability to fulfill the needs of a variety of
customers.
While KiOR’s blendstocks are comparable to their fossil fuel-based counterparts, because they are made from renewable biomass, they can contribute to significant reductions in carbon emissions. In fact, on a full lifecycle basis, KiOR’s gasoline and diesel blendstocks are projected to reduce greenhouse gas emissions by over 80% compared to the fossil-based fuels they displace, according to an analysis of KiOR data by TIAX LLC.
Sources:
The Company,
OxBridge
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