KiOR seeks plant receiver, says Mississippi ran off buyer

The financier of a shuttered biofuel refinery 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.

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

They say a receiver is needed to protect the interests of all creditors and that the plant can’t pay the $271,872.04 in property taxes due Feb. 1.

A Jan. 27 hearing is set on the matter.

Clarion Ledger
1/14/15