Biofuels Company Planning 3 Plants -- Lawmakers to Consider State's Possible Incentives

Summary

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JACKSON - A Houston, Texas, company backed by Silicon Valley investors plans to build three plants in Mississippi to convert wood into a crude oil substitute that produces few gashouse emissions when refined into gasoline, Gov. Haley Barbour and the company's president said Thursday.

Kior Inc. has asked the state for $75 million worth of incentives, triggering a special legislative session that begins today, to help build the three plants - in Columbus, Newton and a third within 40 miles of Bude in southwest Mississippi.

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Biofuels Company Planning 3 Plants -- Lawmakers to Consider State's Possible Incentives

Two more Mississippi plants are planned for later.

Legislators must approve financial incentives for companies...

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