Under the agreement, KiOR will provide renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services from the company’s first commercial production facility located in Columbus.
The renewable facility is scheduled to commence production in the second half of next year.
KiOR president and CEO Fred Cannon said the agreement with the services company of direct end users is another step toward delivering the company’s fuel blendstocks to the market.
In March of 2011, KiOR signed an offtake agreement with Hunt Refining Company for renewable gasoline and diesel blendstocks and fuel oil from the company’s Columbus facility.
KiOR is a next-generation renewable fuels company that has developed a proprietary technology platform to convert biomass into renewable crude oil.
