NATCHEZ, Miss. (AP) - Biofuels company KiOR says it will locate its second Mississippi production facility in Natchez, a move that will create 300 jobs.
The Natchez Democrat reports (http://bit.ly/H8RHZW ) the facility will be built on a 120-acre tract of land comprised of the former Belwood Country Club. The company had originally announced the facility would be located in Newton.
The announcement was made during the company's fourth-quarter investors' conference call on Monday. CEO Fred Cannon said logistical, infrastructure and tax incentives made Natchez the logical choice to locate their facility.
KiOR uses a biofuel production process that uses non-food stock, including wood chips. Cannon said Natchez's proximity to wood production areas also played a role in the decision to locate there.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/
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