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associates who dominated the company's board of directors, resigned or took less prominent roles. The ShareSleuth article pointed out that one of the company's smaller facilities was shuttered and rusting. The company noted that it had not been operational when they purchased it, and that it was intended for use in pilot development operations. However, there was no explanation why company officials suggested in interviews that the facility was in use, and later that "it is being renovated as we speak."
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renewable source of energy sparked their interest. Xethanol's small capitalization combined with a public anxious about rising petroleum costs and global warming drove
Xethanol's run-up in price. The decrease in share price—along with falling share prices of other companies associated with ethanol production—followed as investors began to realize the technological differences between making ethanol from
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on
January 31 in which he announced that the administration was undertaking a major new effort to develop technology for the production of "cellulosic ethanol" from agricultural materials such as switchgrass. This speech was followed the next day by an announcement from the Department of Energy that
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Even though there are about five companies currently working on production of ethanol from cellulose, Xethanol was virtually the only company public at the time. Within days, its stock price shot up to $ 6 per share. Even though much of the population had never heard of switch grass, the idea of a
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reiterated the story and claimed that it was difficult for reporters and stock analysts to get information from
Xethanol officials. A Soleil Securities alternative energy analyst cut Xethanol's rating to "Sell-target $ 1.53" from "Hold-target $ 10" after he became disillusioned by the response from
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or sugar cane and making it from cellulose. In a
Securities and Exchange Commission filing in September 2006, Xethanol acknowledged that it was not as close to the breakthrough technology as previously represented. The value of the technologies it had purchased were written down as an accounting
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will have increased production from a current level of about 5 billion US gallons (19,000,000 m) per year (19 Gl/a, almost exclusively from corn) to over 20 billion US gallons (76,000,000 m) annually (76 Gl/a, mainly from cellulosic materials). Potentially 60 to
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The ShareSleuth article revealed that people connected with the
Xethanol's secondary stock offering had been sanctioned by the SEC and that the resume of Xethanol's chief executive officer, Christopher D'Arnaud Taylor had been inflated. In response, D'Arnaud Taylor, as well as several of his
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100 billion US gallons (230 to 380 Gl) of ethanol could be produced annually in a sustainable manner from domestic biomass resources. To achieve these goals some believe it will be necessary to develop and commercialize technology for the production of ethanol from
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On August 28, 2008, Xethanol relaunched itself as Global Energy
Holdings Group, Inc., with the intention to diversify away from ethanol to other alternative fuels including woody biomass, orange peels, and methane from landfills.
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In August 2006, investors and scientists following
Xethanol's progress were disturbed by a series of accusations brought against Xethanol on a website called
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73:. Xylose, an abundant five carbon sugar found predominantly in hemicellulose of angiosperms, can be converted to xylitol through biochemical or
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77:. The USDA and other university research labs have hundreds of such CRADAs with many companies exploring the technology.
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it would be funding 40% of the capital costs of two large (700 ton per day) cellulosic ethanol demonstration plants.
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Xethanol. The analyst had been trying to obtain information from
Xethanol for institutions interested in investing.
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measure, and
Xethanol also warned that it did not have the financing to complete its previously announced plans.
50:. Xethanol says it plans to increase production and profitability with new technology it has under development.
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Xylose
Technologies, Inc. (XTI), a subsidiary of Xethanol, is conducting collaborative research through a
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in the United States, and one of the few publicly traded companies developing technology for producing
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This rapid increase in Xethanol's stock price could be attributed largely to President Bush's 2006
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By September, 2009, Global Energy Holdings had filed for Chapter 11 bankruptcy.
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from UTEK Corporation. It has announced plans to build new ethanol plants in
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109:, and in 2004, Xethanol purchased a second plant which operates as
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61:, Forest Products Laboratory (FPL) located on the campus of the
318:"Renewable Energy Goes Bankrupt Down South - Business Insider"
65:. The work focuses on genetically engineering proprietary
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strains for the efficient production of xylitol from
101:and has operated two production facilities in
55:Cooperative Research and Development Agreement
105:since 2003. It began with the acquisition of
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129:through a newly formed subsidiary known as
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237:: CS1 maint: archived copy as title (
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115:Superior Separation Technologies, Inc.
294:"Xethanol changes name, energy focus"
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29:was one of the smaller producers of
140:. Follow-up articles appearing in
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63:University of Wisconsin–Madison
16:American corn ethanol producer
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113:. In early 2005 it acquired
292:Bevill, Kris (2008-10-31).
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154:State of the Union Address
85:Xethanol was formed as a
279:"Unassociated Document"
170:Renaming and bankruptcy
107:Permeate Refining, Inc.
342:Alcohol fuel producers
253:"Xethanol Changes CEO"
111:Xethanol Biofuels, LLC
95:Zen Pottery Equipment
87:Delaware corporation
324:on 19 January 2013.
298:Biomassmagazine.com
131:CoastalXethanol LLC
59:USDA Forest Service
219:on August 30, 2006
89:in 2000 through a
75:chemical reduction
259:on March 13, 2007
97:. It is based in
57:(CRADA) with the
35:cellulose ethanol
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48:hemicellulose
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39:Ethanol fuel
31:corn ethanol
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303:2022-11-23
199:References
223:August 8,
44:cellulose
336:Category
233:cite web
182:See also
20:Xethanol
193:Ethanol
188:Biofuel
123:Georgia
119:Florida
81:History
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71:xylose
93:with
67:yeast
265:2006
239:link
225:2006
125:and
103:Iowa
46:and
23:AMEX
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