Gevo Collaborates with TOTAL Cray Valley to Develop Renewable Isoamylene
October 14 2020 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO), announced today that it
has signed a joint development agreement with TOTAL Cray Valley,
part of TOTAL’s Polymers division to upgrade fusel oils from
ethanol production into renewable Isoamylene. Isoamylene is
predominately used in a diverse set of applications, including
resins, pesticides, flavors and fragrances, pharmaceuticals,
healthcare products, adhesives, antioxidants, and UV stabilizers.
“This collaboration is a spinoff of Gevo’s chemical-based
catalytic processes that selectively converts low-value fusel oils,
a mixture of alcohols that are byproducts from fermentation
processes such as ethanol or isobutanol production, into renewable
isoprene, ketones, aldehydes, or olefins. Fusel oils from the
ethanol industry alone equate to about 2.5 million tons of
potential bio-based waste feedstock and this alliance will be
another move towards the delivery of low carbon sustainable
chemicals,” stated Patrick Gruber, Chief Executive Officer of
Gevo.
About GevoGevo is commercializing the next
generation of jet fuel, gasoline and diesel fuel with the potential
to achieve zero carbon emissions and address the market need of
reducing greenhouse gas emissions with sustainable alternatives.
Gevo uses low-carbon renewable resource-based carbohydrates as raw
materials, and is in an advanced state of developing renewable
electricity and renewable natural gas for use in production
processes. As a result, Gevo is able to produce low-carbon fuels
with substantially reduced carbon intensity (as measured by the
level of greenhouse gas emissions compared to standard petroleum
fossil-based fuels across their lifecycle). Gevo’s products perform
as well or better than traditional fossil-based fuels in
infrastructure and engines, but with substantially reduced
greenhouse gas emissions. In addition to addressing the
environmental problems of fossil-based carbon fuels, Gevo’s
technology also enables certain plastics, such as polyester, to be
made with more sustainable ingredients. Gevo’s ability to penetrate
the growing low-carbon fuels market depends on the price of oil and
the value of abating carbon emissions that would otherwise increase
greenhouse gas emissions. Gevo believes that its proven, patented,
technology that enables the use of a variety of low-carbon
sustainable feedstocks to produce price-competitive, low carbon
products, such as jet fuel, gasoline components like isooctane and
isobutanol and diesel fuel, yields the potential to generate
project and corporate returns that justify the build-out of a
multi-billion dollar business. Learn more at our
website: 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 relate to a variety of matters, including, without
limitation, statements related to Gevo’s collaboration with Total
Cray Valley and other statements that are not purely statements of
historical fact. 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 Gevo
undertakes no obligation to update or revise these statements,
whether as a result of new information, future events or otherwise.
Although Gevo 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, 2019 and in subsequent reports on Forms 10-Q and
8-K and other filings made with the U.S. Securities and Exchange
Commission by Gevo.
Investor & Media ContactIR@gevo.com +1 720-647-9605
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From Sep 2023 to Sep 2024