KiOR
| KIOR | Profile | Summary
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.
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.
Products
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.
Greenhouse
Gas Reductions
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.
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