Amex-listed Xethanol closed down today at 8.79.

The company is unusual in that it's philosophy is to make ethanol not out of America's corn - concentrated in the Midwest. They think the demand for ethanol is actually on the Atlantic, Gulf and Pacific coasts many thousands of miles away. iInstead, their approach is to produce ethanol as near to urban centres as possible with local biomass. Take the waste to the solution, not the solution to the waste is their marketing soundbite.

In recent months, the company has been as high as 16.18. And of interest is that they are diversifying into biodiesel.