35 YEARS
1979
www.msbusiness.com
2014
November 14, 2014 • Vol. 36, No. 46 • $1 • 28 pages
A PGA WINNER Taylor not the only Sanderson Farms winner — Story, pictures, Page 14-15
MBJ DOUBLE FOCUS CONSTRUCTION
{Section begins P 9}
BIOFUEL BANKRUPTCY
KiOR intends to find buyer for plant The Columbus biofuels facility (left) of KiOR Inc. was left out of a bankruptcy filing on Sunday, giving rise to hopes that a buyer may be found for it. KiOR said in its Chapter 11 filing Sunday night in the U.S. Bankruptcy Court in Delaware that it does intend to find a buyer for the plant.
» Hospital services will continue during long Keesler Medical Center project » Project owners depend heavily on timely completion
REAL ESTATE
FILE
{Section begins P 16} » Agents face changing policies as they learn how to protect themselves as they show houses » Foreclosures down, sales prices going up
The List {P 20} » Real Estate Associations
By JACK WEATHERLY jack.weatherly@msbusiness.com
KiOR Inc., a biofuels manufacturer, is seeking bankruptcy reorganization, though its Columbus facility was left out of the filing, giving rise to hopes that a buyer may be found for it. KiOR said in its Chapter 11 filing Sunday night in the U.S. Bankruptcy Court in Delaware that it does intend to find a buyer for the plant. Joe Max Higgins, director of Columbus-
based Golden Triangle Development, said that after the company’s financial problems surfaced this year, there were quite a number of inquiries and some visits by prospective buyers but that interest has cooled in the past 30 days. There’s “still a chance the Columbus facility could be sold,” Higgins said. Glitches in the production of the biofuel, which was to be made by heating wood chips and chemical catalysts, were
TRANSPORTATION
Highway 6’s bad bridges getting ‘short-term’ fix Mississippi Department of Transportation crews have made temporary repairs to several Mississippi Highway 6 bridges between Batesville and Clarksdale. MDOT has raised posted weight limits on the bridges after replacing and constructing additional shoring of numerous timber pilings which support the bridge, the Associated Press reports. Commercial vehicles, such as empty agriculture trucks and school buses, to travel across Tagert these bridges, the AP reports. “While this repair increases postings to at least 11 tons, it is a short-term fix allowing more agriculture and school traffic to move along Highway 6,” said Transportation Commissioner Mike Tagert. “MDOT is working with the Mississippi Legislature to identify new funding possibilities to replace critical needs bridges along Highways 6, 18, 32 and 309, but the price tag for completion is approximately $110 million.” Money for permanent repairs is unlikely to come from the 2015 legislative session, according to Sen. Willie Simmons, chairman of the Senate Transportation Committee. See
See
KIOR, Page 27
BRIDGES, Page 24
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