Gevo Supplies U.S. Army With Fuel for the Black Hawk Helicopter
December 23 2013 - 9:00AM
Gevo, Inc. (Nasdaq:GEVO), the world's only commercial producer of
renewable isobutanol, announced that the U.S. Army has successfully
flown the Sikorsky UH-60 Black Hawk helicopter on a 50/50 blend of
Gevo's ATJ-8 (Alcohol-to-Jet). ATJ is a renewable, drop in
alternative fuel for JP8 that addresses the Army Energy Security
Strategy and Plans mandate that the Army certify 100% of its air
platforms on alternative/renewable fuels by 2016. This flight marks
the first ever Army Aircraft to fly on the isobutanol ATJ blend.
Flight testing is being conducted at Aviation Flight Test
Directorate (AFTD) on Redstone Arsenal, AL and is anticipated to be
complete by March 2014. Certification programs like this are part
of the Department of Defense's long-term energy strategy, as
evidenced by the U.S. Navy's recent announcement of its "Farm to
Fleet" program through which it will begin to blend biofuels at 10%
to 50% rates with conventional jet fuel (JP-5).
This testing is being performed as part of the previously
announced contract with Gevo to supply more than 16,000 gallons to
the U.S. Army. "Gevo's isobutanol can be used to produce a variety
of conventional military jet fuels such as JP5, JP8 and commercial
aviation jet fuel. We are pleased to see that the Department of
Defense is moving forward with its 'Farm to Fleet' initiative and
we would like to see the alcohol-to-jet from isobutanol be
used as a blendstock for the 'Farm to Fleet' program that aims to
produce renewable fuels in the USA," noted Patrick Gruber, Gevo's
chief executive officer. "We greatly appreciate the U.S. Army's
partnership and support in this effort. ATJ from isobutanol is a
clean burning, homegrown, bio-jet fuel, and we have a potential
route to deliver aviation biofuels at scale and at competitive cost
for many aircraft platforms including military and commercial."
Gevo's patented ATJ fuel is truly the same as petroleum jet
fuel. It is designed to be fully compliant with aviation fuel
specifications and provide equal performance, including
fit-for-purpose properties.
About Gevo
Gevo is a leading renewable chemicals and next-generation
biofuels company. Gevo's patent-protected, capital-light business
model converts existing ethanol plants into bio-refineries to make
isobutanol. This versatile chemical can be directly integrated into
existing chemical and fuel products to deliver environmental and
economic benefits. Gevo has executed initial commercial-scale
production runs at its isobutanol facility in Luverne, Minn.,
constructed in conjunction with ICM, a leading provider of
proprietary ethanol process technology, and has a marquee list of
partners including The Coca-Cola Company, Sasol Chemical
Industries, and LANXESS, Inc., an affiliate of LANXESS Corporation,
among others. Gevo is committed to a sustainable bio-based economy
that meets society's needs for plentiful food and clean air and
water. For more information, visit www.gevo.com.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements that are not purely statements of
historical fact, and can sometimes be identified by our use of
terms such as "intend," "expect," "plan," "estimate," "future,"
"strive" and similar words. These forward-looking statements are
made on the basis of the current beliefs, expectations and
assumptions of the management of Gevo and are subject to
significant risks and uncertainty. Investors are cautioned not to
place undue reliance on any such forward-looking statements. All
such forward-looking statements speak only as of the date they are
made, and the company undertakes no obligation to update or revise
these statements, whether as a result of new information, future
events or otherwise. Although the company believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties
that may cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements. For a
further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Gevo in general, see the risk disclosures in the Annual
Report on Form 10-K of Gevo for the year ended December 31, 2012,
as amended, and in subsequent reports on Forms 10-Q and 8-K and
other filings made with the SEC by Gevo.
CONTACT: Media Contact:
Robin Peak
Gevo, Inc.
T: (720) 267-8632
rpeak@gevo.com
Investor Contact:
Mike Willis
Gevo, Inc.
T: (720) 267-8636
mwillis@gevo.com
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