The biofuels project will convert wood biomass into drop in biofuels such as gasoline and diesel fuel.
The project will consist of four biorefineries that will contribute approximately 250 million gallons of cellulosic biofuel to the Renewable Fuel Standard.
The first two plants are expected to be in Mississippi, with additional sites planned in Georgia and Texas.
KiOR president and CEO Fred Cannon said that the project expects to reduce greenhouse gas lifecycle emissions by over 70% as compared to fossil-derived gasoline and diesel fuels.
KiOR is a biofuels company that combines a proprietary catalyst system with a biomass-to-renewable crude conversion technology to produce a high-quality oil called Re-Crude using a process similar to Fluid Catalytic Cracking used in the oil industry.
