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Khosla seeks KiOR plant receiver, says Miss. ran off buyer

JACKSON, Miss. — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery.

Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, another escalation in a fight between the billionaire venture capitalist and the state of Mississippi.

A hearing Jan. 27 hearing is set on the matter.

In a Sunday letter to Mississippi Development Authority Executive Director Brent Christensen, Khosla accuses Mississippi of grandstanding and intransigence.

The state wants to push Texas-based parent company of KiOR, which filed for bankruptcy reorganization, into liquidation. That could stop a new Khosla company from buying KiOR’s assets and continuing its biofuel research.

In related news, 225 new jobs reported in La. biofuel industry.

This article was written by Jeff Amy from The Associated Press and was legally licensed through the NewsCred publisher network.

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