Xethanol Corporation (XNL) is Fueling Growth for Its Shareholders
QualityStocks (July 2nd, 2008) Writes:
Xethanol Corporation is a diversified renewable energy company dedicated to the production of ethanol and related products. Their focus is to produce these products in manufacturing facilities close to major urban markets, using raw materials readily available in those areas. The company also produces distiller’s wet grains, a by-product of the corn-to-ethanol process.
Founded in 2000, Xethanol Corporation is part of the American Stock Exchange (AMEX) as part of the Waste Management industry in the Industrial Goods sector. Their current market capitalization is $11.73 million. The company takes a different business approach when it comes to ethanol production. Corn is the primary raw material for ethanol. Most of the production of ethanol occurs in the Corn Belt, far from the high-demand ethanol areas of the coasts, including the Gulf coast. Xethanol instead uses locally available biomass, rather than corn, as their main material to produce their ethanol. This biomass is in
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