Weyerhaeuser, Chevron's 50-50 JV, Catchlight Energy, to supply forestry-based feedstocks to biofuel company KiOR for its first commercial renewable fuel plant in Columbus, Mississippi
June 8, 2011
– KiOR, Inc., a next-generation renewable fuels company, and Catchlight Energy LLC (CLE), a 50-50 joint venture between subsidiaries of Chevron Corporation and Weyerhaeuser Company focused on providing liquid transportation fuels from sustainable forest-based resources, announced that they have signed a feedstock supply agreement. Under the agreement, Catchlight Energy will supply forestry-based feedstocks required by KiOR’s first commercial renewable fuel production facility in Columbus, Mississippi.
"Securing a feedstock supply agreement for our first commercial facility in Columbus, MS is an important milestone," said Fred Cannon, KiOR’s President and CEO. "We are pleased with the progress in securing contracts for the facility’s feedstock supply and for the offtake of the facility's output of renewable fuel blendstocks."
Today’s announcement follows the fuel offtake agreement signed between the two parties in April, in which Catchlight Energy agreed, subject to satisfaction of product specification criteria and RIN certification of the products as cellulosic biofuels under the U.S. Renewable Fuel Standard, to purchase gasoline and diesel fuel blendstocks from KiOR’s Columbus, Mississippi facility. The companies have also signed a Testing and Optimization Agreement to optimize the compatibility of KiOR’s blendstocks with Chevron’s facilities.
KiOR is a next-generation renewable fuels company that has developed a proprietary technology platform to convert biomass into renewable crude oil. The renewable crude oil is processed using standard refinery equipment into gasoline, diesel and fuel oil blendstocks that are compatible with the existing fuel infrastructure. KiOR strives to help ease dependence on foreign oil, reduce lifecycle greenhouse gas emissions and create high-quality jobs and economic benefit across rural America. For more information, please visit www.KiOR.com.