Xethanol Switches to Bio-Methane, New Name

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Cellulosic ethanol startup Xethanol has changed its product focus and its name. Now trading as Global Energy Holdings Group, the company is now focused on developing landfill gas projects.

Company president and CEO told Reuters that the company shifted to biomethane because the cellulosic ethanol market is too difficult amid falling prices.

“You can make cellulosic at a price but it&rsuqo;s not going to be economical when there are depressed prices for ethanol,” said Ames. Cash ethanol prices in the Midwest have fallen about $1.20, to about $1.70 a gallon, since June as oil prices have plummeted amid the economic downturn.

Xethanol announced plans in January to scrap two cellulosic ethanol plants. Global Energy Holdings will continue to operate a smaller plant that aims to make cellulosic from orange peels.

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