Ethanol’s White Energy Goes Bankrupt

by louabbott on May 11, 2009

The Alarm Clock – Published May 11, 2009

When gas peaked above $4 a gallon, there was a mad rush to get into alt fuels led by ethanol. We didn’t expect gas to fall so quickly so we feel badly for the alt gas crowd. Today, Texas based White Energy filed for bankruptcy.

White Energy told the courts that they have been squeezed by the high cost of raw materials to produce ethanol and an excess supply of ethanol in the market has kept ethanol prices low, resulting in “minimal or non-existent profit margins.”

Read the entire article at The Alarm Clock

Also, read our company review: Evolv Facts, News and Review

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{ 1 comment… read it below or add one }

David Hardy Jr December 19, 2009 at 5:49 pm Thumb up 3 Thumb down 0

Ethanol White Energy went bankrupt 1yr after Trey White sold this particular company. As far as the lawsuit goes M.D. Anderson received a counter suit from Trey White & Evolv Health. M.D. Anderson was compensated to do work for Evolv. As Evolv recieved that information back and interpreted it they began to make claims based on the research completed by M.D. Anderson.

When M.D. Anderson learned that Evolv participated in the Network Marketing Industry is when the filed a lawsuit…

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