SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 12b-25

                                                  Commission File Number 0-50154


                           NOTIFICATION OF LATE FILING


                                  (Check One):
|_| Form 10-K  |_| Form 11-K  |_| Form 20-F  |X| Form 10-Q


For Period Ended:  March 31, 2005
Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein. If the notification relates to a
portion of the filing checked above, identify the Item(s) to which the
notification relates:
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Part I- Registrant Information
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Full Name of Registrant:   Xethanol Corporation
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Former Name if Applicable:
                          -----------------------------------------------------
Address of Principal Executive Office (Street and Number):

1185 Avenue of the Americas,
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20th Floor
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City, State and Zip Code: New York, New York 10036
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Part II - Rule 12b-25(b)and (c)


If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)

|X| (a) The reasons  described  in  reasonable  detail in Part III of this
        form could not be  eliminated  without unreasonable effort or expense;

|X| (b) The subject annual report or portion thereof will be filed on or before
        the 15th calendar day following the prescribed due date; or the subject
        quarterly report or portion thereof will be filed on or before the fifth
        calendar day following the prescribed due date; and

|_| (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
        has been attached if applicable.

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Part III - Narrative

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State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F or 10-Q
or portion thereof could not be filed within the prescribed time period.


      The Company's Quarterly Report on Form 10-QSB for the fiscal period ended
      March 31, 2005 cannot be filed within the prescribed time period because
      the Company is experiencing delays in the collection and compilation of
      certain information required to be included in the Form 10-QSB. The
      Company's Quarterly Report on Form 10-QSB will be filed on or before the
      fifth calendar day following the prescribed due date.


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Part IV - Other Information

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(1)   Name and telephone number of person to contact in regard to this
      notification:

      Spencer G. Feldman             (212)                      801-9221
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            (Name)               (Area Code)              (Telephone Number)

(2)   Have all other periodic reports required under Section 13 or 15(d) of the
      Securities Exchange Act of 1934 during the preceding 12 months or for such
      shorter period that the registrant was required to file such report(s)
      been filed? If the answer is no, identify report(s):

                                                   |X| Yes |_| No

(3)   Is it anticipated that any significant change in results of operations
      from the corresponding period for the last fiscal year will be reflected
      by the earnings statements to be included in the subject report or portion
      thereof?

                                                   |_| Yes |X| No

      If so: attach an explanation of the anticipated change, both narratively
      and quantitatively, and, if appropriate, state the reasons why a
      reasonable estimate of the results cannot be made.


                              XETHANOL CORPORATION
                              --------------------
                  (Name of Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.



Date:  May 16, 2005               By: /s/ Christopher d'Arnaud-Taylor
                                      ------------------------------------
                                      Christopher d'Arnaud-Taylor
                                      Chairman and Chief Executive Officer


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