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| Xethanol
Corporation AMEX: XNL .57 Shares Outstanding 28.61M Float: 23.14M 1/25/08 |
| Xethanol Corporation is a renewable energy company focused on alternate energy products and technologies as well as producing ethanol and other co-products. Xethanol has partnered with a number of Universities and National Research Institutes to develop new technologies to improve the production of ethanol and its co-products from biomass. |
National Renewable Energy Laboratory (NREL) Xethanol has an ongoing program with NREL to research into a Clean Fractionation technology to reduce fermentation time and decrease energy costs in the ethanol production process. Forest Products Laboratory (FPL), US Department of Agriculture Xethanol is proceeding with a Cooperative Research and Development Agreement (CRADA) with FPL to engineer genetically modified yeasts that will substantially increase fermentation time of such feedstocks such as xylose, to produce either ethanol or xylitol, a natural sweetener. US Department of Agriculture Xethanol has established a venture located in Bartow, Florida, the heart of the state's citrus industry. This will implement the results of a Cooperative Research and Development Agreement (CRADA) with the USDA on the conversion of waste citrus biomass into ethanol. This CRADA aims to improve the economics of fuel production, while producing other marketable co-products, such as limonene and citrus oil. Energy and Environmental Research Center ABGT holds the exclusive worldwide license for MicroGasification technology developed at the Energy and Environmental Research Center (EERC) at the University of North Dakota in Grand Forks. The MicroGasifier produces syngas that can provide energy solutions to those with simultaneous waste disposal and power needs. Xethanol and EERC are mutually funding a Cooperative Research and Development Agreement (CRADA) to further apply the MicroGasifier in the production of ethanol. EERC will perform system integration of the MicroGasifier for customers. Virginia Polytechnic Institute Xethanol has an ongoing research alliance with Virginia Polytechnic Institute to investigate the effect of newly developed enzymes on feedstocks such as recycled paper sludge, cotton gin mill waste, corn cobs and oat hulls |
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| Recent News |
| Jan 25th 2008 Xethanol Corporation announced that its subsidiary Southeast Biofuels LLC has received a $500,000 grant from the Florida Department of Agriculture and Consumer Services. Xethanol will use the grant to expand its work on converting waste to energy, using citrus waste as the raw material and converting it into cellulosic ethanol. Xethanol plans to build a demonstration plant for converting citrus peel waste into ethanol. The company is negotiating an agreement to locate the plant at an existing citrus facility in Florida owned by one of the largest citrus processors in the state. The planned cost for the two-year build-out of the demonstration plant is approximately $5.9 million. |
| Contact |
| Xethanol Corporation 1185 Avenue of the Americas 20th Floor New York, NY 10036 Phone: 646-723-4000 Fax: 646-723-4001 Web Site: http://www.xethanol.com |
