Dec 19 2007
Xethanol Corporation, a renewable energy company, has announced it has refined its strategy to pursue opportunities in clean technology. Xethanol has engaged a leading intellectual property law firm, Fish & Richardson P.C., to help it assess the company’s intellectual property portfolio.
David Ames, President and CEO of Xethanol, commented, “We are refining our strategic plan for the company in view of the changing ethanol markets and other economic factors affecting our current business.” Added Mr. Ames, “We have several encouraging research projects underway to develop alternative energy sources.”
To improve shareholder value, Xethanol is focusing on opportunities in renewable energy and clean technology, including biomass gasification for electricity production, wind power, solar power, energy storage, energy infrastructure, energy efficiency, waste recycling and agricultural processes. These sectors aim to provide profitable solutions to global challenges.
Xethanol’s portfolio contains a number of patents and research agreements. These agreements include scientific research arrangements with some of the nation’s leading institutions, including the National Renewable Energy Lab in Golden, Colorado; Virginia Tech in Blacksburg, Virginia; the Forest Products Lab of the US Department of Agriculture in Madison, Wisconsin; the USDA Agricultural Research Service in Winter Haven, Florida; and the Energy and Environmental Research Lab in Grand Forks, North Dakota.