Xethanol extends NREL CRADA, sells projects

February 5, 2008

New York-based Xethanol Corp. has extended its Cooperative Research and Development Agreement on cellulosic ethanol feedstocks with the National Renewable Energy Laboratory. The original agreement began in January 2005 for research on the clean fractionation of cellulosic feedstocks into component parts to reduce fermentation time and decrease energy costs. Seperately, the company decided to sell its cellulosic ethanol projects in Augusta, Ga., and Spring Hope, N.C., which were to be colocated with corn-based ethanol facilities. Instead, Xethanol bought Consus Ethanol LLC, a corn-based ethanol project in Pittsburgh.

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