In January, a biofuelscompany named Changing World Technologies was thought to be preparing for an IPO. The company, based in New York, owned a biomass fuel plant in Carthage, Missouri, that used turkey waste as a feedstock. The company filed for bankruptcy on Wednesday. All but 4 of the 50 employees at the plant will be laid off during the Chapter 11 reorganization.
Too bad the company couldn’t hold on just a bit longer. With all the federal money about to be showered on alternative energy companies, an outfit with the word ‘Change’ in its name would have been a natural for a drop or two of cash.
It is becoming more and more obvious that not all green things are really green.
Paul Ausick
March 6, 2009