Biofuel Company in Texas
Listing Information
Biofuel Company in Texas
Minimum Price: $17,135,000.00
Created: 11/11/2014
Category: Business Property > All Assets or Going Concerns > Alternative Energy
Sale Location: Houston, Texas
Sale Date: Wed. Dec 17, 2014
Primary Office Location: 13011 Bay Park Road, Pasadena, TX 77507
Debtor's Attorney
One Rodney Square P.O. BOX 551
Wilmington, DE 19899
302-651-7700
Case Title: KiOR, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of all the assets of KiOR, Inc. The Sale Assets, which are comprised of substantially all the assets of company, including certain leases and contracts, improvements, personal property, intangible property, receivables, and inventory.
The Company's primary business is the development and commercialization of a ground-breaking proprietary technology designed to generate a renewable crude oil from non-food cellulosic biomass (e.g., trees, grasses, etc.), which can be refined into gasoline, diesel, and aviation fuels. The fuels produced by the compnay's highly specialized process are true hydrocarbon fuels that are molecularly consistent with their traditional petroleum-based counterparts. KiOR, Inc maintains corporate offices, research and development facilities and a test-scale demonstration facility in Pasadena, Texas.
Financial Overview
Sale Location
Houston, TX, 77002
Additional Details
Auction at the office of:
King & Spalding, LLP
1100 Louisiana, Suite 4000, Houston, Texas 77002
Time - 10:00 a.m.
- Bid Procedures Hearing held on December 1, 2014
- Sale Hearing held on December 22, 2014
- Bid Deadline - December 15, 2014 by 4:00 p.m.
- Bid Deposit - 10% of the Proposed Purchase Price
- Bid Amount: $17,135,000
- Bidding Increments: $250,000