PASADENA, Texas, Feb. 3, 2014 (GLOBE NEWSWIRE) -- In response to the proposal of the U.S. Environmental Protection Agency (EPA) for biofuel mandates pursuant to the Renewable Fuel Standards (RFS), KiOR has filed comments asserting that the Renewable Volume Obligations (RVO), as proposed, have the potential to significantly delay the growth of the advanced and cellulosic biofuel industry.
"2013 marked an important year in cellulosic fuels production. KiOR demonstrated that drop-in cellulosic fuels are now a reality at commercial scale. These drop-in hydrocarbon fuels are not only made from non-food feedstock but are also fully compatible with the existing fuel distribution systems," said Fred Cannon, President and CEO. "It's important that we continue to move our industry forward. In order to do so, it is critical to have the support of the White House, other government officials and key policy makers in upholding the goals and standards of what we believe the RFS originally set out to do – promote substantial, sustained growth of biofuel production and consumption. As it stands, the proposed 2014 RVO will likely have the effect of delaying investment in rural America and the corresponding good-paying permanent jobs that facilities such as KiOR's will bring.
"We have submitted our comments to ensure that the promise of RFS is fulfilled, particularly given its importance to the development and commercialization of biofuel technologies like KiOR's," concluded Mr. Cannon. "We look forward to working with EPA, the White House and key policy makers to craft a 2014 RVO rule that satisfies this important goal."
KiOR's full comments on the EPA's proposed 2014 renewable volume obligations can be read here.
About KiOR
KiOR, a global leader in cellulosic gasoline and diesel transportation fuels, has developed a unique proprietary technology platform to convert abundant and sustainable non-food biomass into fuels for use in vehicles on the road today. KiOR's cellulosic fuels, which may be transported using existing distribution networks, help ease dependence on foreign oil, reduce lifecycle greenhouse gas emissions and create high-quality jobs and economic benefit across rural communities.
KiOR's shares are traded on NASDAQ under the symbol "KiOR." For more information, please visit www.KiOR.com.