KiOR under fire for “bait and switch” scam detailed in emails

In Mississippi, a local newspaper is alleging that KiOR executives pulled off a “bait and switch” scam securing by an offtake for refined crude oil rather than to refine crude bio-oil as required by the state to secure a $75 million loan in taxpayer money. Emails seen by the newspaper show concerns began as far back as 2010 as to whether the project would really take off or if it would backfire as had happened another state investment in the beef industry.

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