21st Century Regenerative Technology

1. Green Freebie: Win this Bike — Can Your Manhood Stand up to Pink?
2. Daily Sprout
3. Biofuel Maker Changing World Files For Bankruptcy

Green Freebie: Win this Bike — Can Your Manhood Stand up to Pink?

2009-03-05 17:34

susan - Sustainable Ideas

By Susan Seliger
Make a statement – put away the car, pull out the bike. Haven't got one? Well, now you can try your hand at winning this cruiser free, sponsored by Fresh Produce Sportswear. The only question left is, Are you bold enough to make a statement in pink? Hey, if Pamela Anderson can do it – while holding a cup of coffee – you can, too. Be brave. Sign up to win – the deadline is 3/31/09..

Photo credit: http://www.cyclelicio.us/

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Daily Sprout

2009-03-05 17:00

Josie Garthwaite - Misc

Ford Sees EV-Filled Future: Ford Motor Co expects electric vehicles to represent a “major portion” of its lineup within 10-12 years, according to CEO Alan Mulally. — Reuters

Mitsubishi Moves Into Solar: Mitsubishi Corp. has bought a 34 percent stake in the world’s largest photovoltaic power plant in Portugal from Spain’s Acciona SA. — Bloomberg

Find a Charging Station, Pronto: As more plug-in and electric vehicles hit the road, drivers will need to know where they can charge their rides away from home. Might charging-station finders soon be integrated with in-car navigation systems? - CNET’s Car Tech

GM on the Defense: GM disagrees with a recent study on the economics of plug-in cars with larger battery packs (like the Volt), saying tax credits will help make the Volt affordable. But if it’s relying on government incentives, is that really economic viability? — MIT Technology Review

Maine OK’s First Wind Expansion: Wind power developer First Wind Inc. said it has received approval from state regulators to expand the largest utility-scale wind farm in New England to 82.5 MW, up from the current 57 MW capacity. — Mass High Tech

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Biofuel Maker Changing World Files For Bankruptcy

2009-03-05 15:58

Josie Garthwaite - Energy

cwt-logo1 A dig through biofuel maker Changing World Technologies’ SEC filings earlier this week (prompted by a report from southwest Missouri’s Carthage Press) revealed the signs of a company teetering on the brink. Yesterday CWT confirmed our take on the company’s dire situation, announcing late in the afternoon that it has filed for Chapter 11 bankruptcy protection.

Plenty of biofuel developers have gone under in recent months, many of them having locked in high corn prices and gotten squeezed by plummeting fuel prices. But unlike the corn-based ethanol producers that have dominated the industry trend, CWT ranks among the so-called next generation biofuel companies, which use non-food biomass for fuel. CWT uses agricultural waste, including poultry remains. For now, cellulosic ethanol players seem to be faring better on the road to commercialization.

The company cited “a variety of factors, including escalating expenses associated with commercializing its patented waste conversion process,” looming debt obligations and unsuccessful attempts to obtain outside financing. The West Hempstead, NY-based company had planned to go public, but withdrew its filing last month due to market conditions, according to underwriter WR Hambrecht.

The next step for CWT is reorganization. The company, which reportedly shuttered its sole production facility (a biorefinery in Carthage, Mo.) this week, said it has laid off the majority of its workers. It now plans to fund expansion through new debt and equity financing.

While the Carthage plant has drawn frequent complaints from local residents for its foul odors, CWT expects its technology to rise again in “communities seeking to maintain a source of well compensated employment, to reduce waste, and produce renewable energy while helping to reduce greenhouse gas emissions.”