If you’ve ever read anything about the next-generation of biofuels — the ones made from plant waste, trash, or energy crops called cellulosic ethanol — then you know that they’ve forever been trapped on the brink of commercialization. The thesis still seems to apply for the young companies that are trying to scale up.
This week KiOR, a venture capital-backed startup that went public in the Summer of 2011, revealed in its second quarter earnings that it was about 75 percent below its forecast for producing and shipping its next-gen biofuel last quarter. KiOR shipped 75,000 gallons last quarter from its Columbus, Mississippi plant, but was hoping to ship between 300,000 and 500,000 gallons in the quarter.
Revenue for the quarter was of course below estimates, too, alongside the slower than expected scale up in production. As a result, KiOR’s stock dropped almost 10 percent on Thursday, rallied…
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