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Posts tagged “XNL”

By Robert Rapier on May 18, 2009 with no responses

Pacific Ethanol Plants Declare Bankruptcy

I don’t actually enjoy posting “I told you so” stories, especially when the news is negative. This means someone has failed, and I don’t enjoy seeing people fail. But when I put a spotlight on a company, naturally I am going to follow that company. If it does fail, then that will be reported upon, as has been the case previously with Xethanol and later on with algal biofuel producer GreenFuel. If a company that I have cast doubts on goes on to success, I will highlight that as well, but I don’t believe that has happened yet. If Coskata proves me wrong, or Vinod Khosla goes on to great success as a biofuel magnate, I will write about it…. Continue»

By Robert Rapier on Nov 11, 2008 with no responses

Xethanol Now Defunct

This will be my last ever story on Xethanol. I have written a number of stories on them in the past. I wrote that their claims that they would be the first to produce commercial cellulosic ethanol were ludicrous. That was the gist of the interview I gave to Sharesleuth when they were writing their Xethanol exposé. I predicted that Xethanol would “offer up a litany of excuses and delaying tactics for why their cellulosic ethanol plant is not up and running.” I explained to several reporters that the technology agreements they touted to investors could be had for next to nothing, and in February of 2007 I predicted that Xethanol would eventually go bankrupt. I was sounding these warnings… Continue»

By Robert Rapier on Feb 25, 2008 with no responses

Investing in Energy Storage

I attended a presentation last year where a number of alternative energy technologies were discussed, and I was asked whether any major topic had been missed. I responded that I felt like the single most important topic had been missed: The enabling technology of energy storage. An efficient and cost effective energy storage solution is critical for smoothing out the intermittency of solar, wind, and tidal energy. This is the one advantage that biomass does have over these sources: Biomass may be inefficient at gathering solar energy, but it does store nicely. How important is energy storage? I think it is absolutely crucial, but largely overlooked in alternative energy discussions. It simply isn’t as sexy as solar, but without a… Continue»

By Robert Rapier on Aug 14, 2007 with no responses

Xethanol: Another Multimillion Dollar Loss

Xethanol continues to demonstrate that even with generous subsidies, they can’t make any money: Xethanol Announces Second Quarter 2007 Financial Results For the second quarter of 2007, the company reported a net loss of $6.6 million, or ($0.23) per share, as compared to a $5.9 million net loss, or ($0.24) per share, for the same period of the prior year. The increase in the net loss was primarily related to $4.5 million in non-cash charges including a $2.8 million impairment charge on property held for development. The company reported net sales of $3.3 million for the second quarter of 2007 compared to $3.2 million in net sales in the second quarter of 2006. Cost of goods sold was $3.4 million… Continue»