Mar 06 2009
Biofuel Maker Changing World Files For Bankruptcy
Changing World Technologies (CWT) a leading advanced biofuels technology developer has announced that it has filed for Chapter 11 bankruptcy protection. The next step for CWT is reorganization. The company, which reportedly shuttered its sole production facility (a biorefinery in Carthage, MO), laid off the majority of its workers. It now plans to fund expansion through new debt and equity financing. — mj Wow. CWT has been a true pioneer. In 2003 I wrote a paper about the race to commercialize manure energy technologies. I used the Benson, MN manure power plant, the CWT MO poultry fat/manure to liquid fuels, and an early version of the E3 Biofuels (beef, ethanol, methane model) as examples. All three intuitively sound projects. Currently, the 55 MW turkey manure power plant in MN is the last man standing. The great thing about economics though is that there is always a new phase in the works. Stay tuned!
